According to Yongfeng Commercial Bank's analysis, the April employment report indicates that the US labor market remains resilient, and there may be a potential shift in the outlook for US-China trade negotiations. All 11 sectors of the S&P 500 closed in the green, marking the longest consecutive rise in 20 years.

However, Apple issued a warning on Thursday regarding a potential $900 million customs cost this quarter, leading to uncertainty about its performance in the second half of the year. Consequently, Jefferies and Rosenblatt Securities downgraded the company's rating due to tariff impacts, causing Apple’s stock price to plummet by 3.74%.

In Europe, the rally in US stocks and a positive earnings report from Airbus (+5.3%) lifted the pan-European index by 1.67% to 536.4 points, with Germany’s DAX rising by 2.62% to 23,087 points, nearing its record high of 23,420 points. The UK’s FTSE 100 achieved a historical record with 15 consecutive days of gains.

The US added 177,000 jobs in April, which, although revised down, was still above expectations. The unemployment rate held steady at 4.2%. Most industries showed strong job gains apart from a slight decrease of 1,000 jobs in manufacturing. Household labor force increased by 518,000, with the labor participation rate rising from 62.5% to 62.6%.

After the report's release, market expectations for a Fed interest rate cut have decreased from 90bps to 79bps, and both Goldman Sachs and Barclays have pushed back their anticipated rate cut date from June to July.