Stocks Open Higher on Strong Jobs Data, Optimism on Trade Tensions
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The S&P 500 opened the day on pace for its longest winning streak in over 20 years after the April jobs report showcased a resilient labor market despite rising worries among businesses and consumers in recent months. The Nasdaq Composite jumped 0.9%. The S&P hasn’t had a streak that long since the nine days ending Nov. 2004, while the Dow is on pace for its longest winning streak since Dec. 19, 2023.
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