Letsnewz.

Letsnewz.

U.S. Employment Report Shines, Stocks Rally, TSMC ADR Soars 3.8%

U.S. Employment Report Shines, Stocks Rally, TSMC ADR Soars 3.8%

All four major U.S. stock indices finished higher on Friday, with TSMC ADR rising 3.80%. The positive U.S. employment report and the potential for U.S.-China trade negotiations boosted the stock market. The S&P 500 index rose 1.4%, marking its ninth consecutive day of gains, the longest streak in over 20 years.

The Dow Jones Industrial Average climbed by 564 points while the Nasdaq Composite increased by 1.5%. TSMC ADR closed at $179.29.

According to the U.S. Bureau of Labor Statistics (BLS), 177,000 jobs were added in April, below the revised 185,000 in March but better than the market expectation of 138,000. The unemployment rate held steady at 4.2%, in line with expectations. Average hourly earnings rose by 0.2% for the month, slightly below the previous month. At the close on Friday, the Dow rose 564.47 points, or 1.39%, to 41,317.43; the S&P 500 gained 82.53 points, or 1.47%, ending at 5,686.67; the Nasdaq increased by 266.99 points, or 1.51%, closing at 17,977.73; and the Philadelphia Semiconductor Index rose by 149.39 points, or 3.52%, finishing at 4,397.05.

The Nasdaq has now recorded nine consecutive days of gains, marking its longest gaining streak since November 2004, and has recovered all losses since President Trump's announcement of reciprocal tariffs on April 2. In individual stocks, NVIDIA rose by 2.59%; Meta surged by 4.34%; Apple fell by 3.74%; and TSMC ADR jumped by 3.80%.