Wall Street experienced a strong recovery on Friday, fueled by a labor market report that exceeded expectations, reigniting investor confidence in the U.S. economy. Last month, non-farm payrolls rose by 336,000, surpassing estimates of 170,000 and marking the highest increase since January 2023. Despite economists warning that the strong job report may prompt the Federal Reserve to tighten monetary policy, all equity indices rallied significantly. The S&P 500 surged by 1%, potentially ending its four-week losing streak. The Nasdaq 100 performed even better, rallying by 1.3% for a weekly gain of the same magnitude. The Dow saw relative underperformance but still gained 0.7% on the day, though it remains down 0.5% for the week. The Russell 2000 rose by 0.8% but remained over 2% lower for the week. Wall Street analysts were surprised by the non-farm payrolls report and believe it may increase pressure on the Federal Reserve to raise interest rates. Despite the recent rise in interest rates, the job market continues to thrive, and consumer resilience remains high. In Friday’s trading, major U.S. equity ETFs, including the SPDR S&P 500 ETF Trust, the SPDR Dow Jones Industrial Average ETF, and the Invesco QQQ Trust, all saw gains. The Technology Select Sector SPDR Fund outperformed, rising 1.5%, while the Consumer Staples Select Sector SPDR Fund lagged behind, declining 1.1%. Certain stocks, such as Levi Strauss & Co., AMC Entertainment Holdings Inc., and Pioneer Natural Resources Company, also saw notable movements. In addition to U.S. markets, European equity indices performed well, and commodities like crude oil, gold, and silver saw positive price movements, while the dollar weakened.