Crypto Market Surges: Bitcoin (BTC) Leads Rally as Wall Street Shows Signs of Cooling

• Wall Street experiences its best day in over two months, with the S&P 500 rising 1.3% and the Dow Jones Industrial Average increasing by 1.2%.
• The U.S. employment data shows a cooler-than-expected rise, suggesting easing inflationary pressures on the economy.
• Technology sector stocks, including Apple and Microsoft, contribute significantly to the market rally.

Wall Street celebrates its best day in months as cooler U.S. employment data suggests easing inflationary pressures, with technology stocks leading the rally.

Wall Street Sees Best Day in Over Two Months

Wall Street capped a choppy week of trading Friday with a significant rally, marking the best day for the stock market in over two months. Traders welcomed the cooler-than-expected U.S. employment data, interpreting it as a sign that inflationary pressures on the economy are easing. The S&P 500 rose 1.3%, its best day since late February, effectively erasing its losses for the week. The Dow Jones Industrial Average also saw a rise of 1.2%.

Cooler U.S. Employment Data Eases Inflationary Pressures

The nation’s employers added 175,000 jobs last month, a sharp decrease from the blockbuster increase of 315,000 in March, according to the Labor Department. This hiring tally came in well below the 233,000 gain that economists had predicted. Meanwhile, average hourly earnings, a key driver of inflation, rose less than... Read the full article for FREE at COINOTAG!