Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Trump, Xi Focus on Trade and AI at White House Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
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U.S. stocks ended higher Friday, securing a second consecutive week of gains as strong jobs data and signs of a potential thaw in U.S.-China trade tensions lifted investor sentiment. The Dow Jones rose 564.47 points (1.39%) to 41,317.43, the S&P 500 added 82.54 points (1.47%) to 5,686.68, and the Nasdaq gained 266.99 points (1.51%) to 17,977.73.
April’s U.S. payrolls report showed 177,000 jobs added, exceeding forecasts and keeping unemployment steady at 4.2%. Despite earlier concerns stemming from a GDP contraction—triggered by a surge in tariff-related imports—the labor data signaled resilience. Strategists noted the slowdown in job growth was milder than expected post-tariff announcements.
Markets also reacted positively to news that Beijing is considering Washington’s offer to reopen trade talks after President Trump’s imposition of 145% tariffs on Chinese goods. While the trade war remains unresolved, the partial rollback of tariffs helped U.S. indexes rebound. The S&P 500 is now up 0.3% since Trump’s April 2 "Liberation Day" tariffs announcement, and both the S&P and Dow marked their longest winning streaks since 2004 and 2023, respectively.
Big tech delivered mixed performances. Apple fell 4% after cutting its buyback program and warning of $900 million in added costs from tariffs. Meta jumped 4.3%, Nvidia rose 2.6%, while Amazon dipped 0.1%. In energy, Chevron gained 1.6% and ExxonMobil edged up 0.4% on solid earnings.
Block plunged 20% on weak guidance, and Take-Two Interactive dropped 7% after delaying "Grand Theft Auto VI" to 2026. Advancers outpaced decliners by nearly 4-to-1 on the NYSE, reflecting broad market optimism. Trading volume was 16 billion shares, below the recent daily average.
