The US stock market opened higher on April 2, buoyed by a non-farm payroll report that exceeded expectations. The S&P 500 climbed 1.2%, the Dow Jones Industrial Average rose 1.1%, and the Nasdaq increased by 1.2%. With this rise, US markets have now gained for nine consecutive days. Should the S&P 500 close today in the positive, it will mark the longest winning streak since 2004.

As of 10:30 AM EST on April 2, the S&P 500 was up by 70.23 points (1.25%), the Dow Jones gained 461 points (1.13%), and the Nasdaq was up by 220 points (1.24%). The Philadelphia Semiconductor Index rose by 131 points (3.11%).

According to CNBC, the S&P 500's gain has resulted in a ninth consecutive day of increases, and if the index finishes higher, it will achieve the longest streak since November 2004.

Apple reported its earnings on April 1, exceeding analysts’ expectations, but its sales in Greater China fell short and warned that US tariffs may disrupt its supply chain with increased costs anticipated. The stock opened down 3.13% today. Amazon also reported first-quarter results on April 1, benefiting from growth in its cloud computing and advertising sectors, but issued a cautious outlook for the second quarter, opening down 0.62%.

The US non-farm payroll report for April showed an increase of 177,000 jobs, surpassing the Dow's surveyed economists' expectations of 133,000. Compared to 228,000 added in March, this represents a significant decline, yet it is still better than the fears noted last month regarding a potential economic downturn. The unemployment rate stands at 4.2%, aligning with expectations.

Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management, noted that the jobs data has eased market concerns. While worries about a recession persist, the trend of buying the dip may continue until the tariff moratorium is lifted.