Dow jumps 200 points after strong payrolls data eases slowdown fears

Invezz
2026.05.08 13:39
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US equities rose on Friday, with the Dow Jones up 208 points (0.4%) following a stronger-than-expected April jobs report, which showed 115,000 jobs added and an unemployment rate of 4.3%. Despite the positive labor data, concerns over geopolitical tensions and rising oil prices tempered market enthusiasm. The report complicates expectations for Federal Reserve rate cuts, as a robust labor market may keep rates elevated. Tech stocks showed mixed results, with Datadog and Akamai gaining, while Cloudflare warned of slowing growth and job cuts.