The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: U.S. stocks advanced Friday after data showed the U.S. labor market added more jobs than expected in April.
The Dow Jones Industrial Average climbed 196 points, or 0.75%, to 26504, following two straight days of losses. The S&P 500 rose 0.96% and the Nasdaq Composite added 1.5%. All 11 sectors in the S&P 500 were higher, led by gains in consumer-discretionary, energy and industrial stocks. All three major indexes are roughly flat for the week on its final trading day.
The S&P 500 and Nasdaq, which posted fresh all-time highs this week, are within 0.3% of their records. Meanwhile, the Dow is sitting 1.2% from its October closing record.
The jobs report for April was above expectations, with nonfarm payrolls increasing a seasonally adjusted 263,000 in April, the Labor Department reported Friday. The unemployment rate ticked down to 3.6% last month.
Although average hourly earnings for private-sector workers grew 3.2% from a year earlier in April, wage growth only rose 0.2% from the prior month, the Labor Department reported Friday.
U.S. government bond prices rose Friday after a slower than expected rise in wages renewed worries about tepid inflation. The yield on U.S. Treasury 10-year bonds, which move inversely to the price, fell to 2.532% Friday from 2.552% Thursday, according to Tradeweb.
In commodities, U.S. oil prices rebounded Friday, climbing 0.8% to $62.33 a barrel after falling nearly 3% Thursday on supply-glut concerns.
Elsewhere, the Stoxx Europe 600 index rose 0.5% Friday. In Asia, Hong Kong’s Hang Seng was flat after reversing earlier session losses.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-05-03/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-index-futures-edge-higher-ahead-of-april-jobs-report-2019-05-03/printWSJ:
https://www.wsj.com/articles/global-stocks-pause-ahead-of-u-s-jobs-data-11556871058Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-02/asia-stocks-to-trade-mixed-as-focus-shifts-to-jobs-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-rallies-576-points-since-april-will-3-new-ipos-beat-apple-2019/CNBC:
https://www.cnbc.com/2019/05/03/us-stocks-nonfarm-payrolls-in-focus.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/strong-jobs-report-sets-off-broad-based-rally-on-wall-street-idUSKCN1S90ZCU.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-rises-after-hsbc-profit-beat-miners-recover-idUKKCN1S90HTEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-rise-on-strong-results-upbeat-u-s-jobs-data-idUSKCN1S90INAsia: (Limited)
https://www.marketwatch.com/story/asian-markets-pull-back-on-feds-stance-lower-expectations-for-trade-deal-2019-05-02/printBonds:
https://www.cnbc.com/2019/05/03/treasury-yields-continue-to-edge-higher-after-fed-inflation-comments.htmlCurrencies:
https://www.cnbc.com/2019/05/03/forex-market-fed-rate-decision-us-jobs-data-in-focus.htmlOil:
https://www.cnbc.com/2019/05/03/oil-market-surging-us-output-iran-and-venezuela-sanctions-in-focus.htmlGold
https://www.cnbc.com/2019/05/03/gold-market-fed-rate-cut-dollar-moves-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
