U.S. April non-farm payrolls exceeded expectations! Bitcoin approaches 98,000, S&P hits 9 consecutive gains, setting a 20-year record.

The U.S. stock market rallied on strong non-farm payrolls data and signs of easing U.S.-China trade relations, with the S&P 500 posting its longest winning streak in more than 20 years and bitcoin rising nearly $98,000. (Synopsis: Bitcoin rushed to 97,000 magnesium, technologists shouted parabolic resurrection, on-chain analysts estimated BTC to see 175,000) (Background supplement: Coca-Cola's stock price bucked the trend and hit a new high!) Can learning Warren Buffett protect your investments from recessions? The U.S. stock market ushered in a significant rise on Friday (2nd), with three major indexes rising, especially the S&P 500, which closed higher for the ninth consecutive trading day, setting the longest winning streak in more than 20 years. Behind this rally, there are two key momentum: first, the better-than-expected non-farm payrolls report, which eased the market's concerns about a possible economic slowdown; Second, the dawn of détente in US-China trade relations has boosted market optimism. Nonfarm payrolls beat expectations, unemployment flat According to the latest data from the U.S. Bureau of Labor Statistics (BLS), nonfarm payrolls added 177,000 in April, which is significantly higher than the consensus expectation of 138,000, although slightly down from the revised 185,000 in March, but still strong. The report effectively eased fears that the US economy could deteriorate rapidly, which in turn boosted investors' risk appetite. Looking at the data, the unemployment rate remained low at 4.2%, while the average hourly earnings increased by 0.2% month-on-month and 3.8% annually. Together, these figures paint a picture of a resilient labor market. U.S.-China trade tensions ease In addition to the positive economic data, signs of easing in U.S.-China trade relations have also injected optimism into the market. China's Ministry of Commerce said yesterday that Beijing was assessing the possibility of resuming trade talks with the United States, but also stressed that the United States needs to show sincerity, especially on key issues such as the removal of unilateral tariffs. At the same time, the Wall Street Journal report pointed out that China is considering action in response to the fentanyl crisis raised by the United States, which is seen as a positive signal that could pave the way for the resumption of trade talks. The four major indexes rose across the board on Friday, buoyed by the above positive news: The Dow rose 564.47 points, or 1.39%, to close at 41,317.43. The Nasdaq rose 266.99 points, or 1.51%, to close at 17,977.73. The S&P 500 index rose 82.53 points, or 1.47%, to close at 5,686.67. The Philadelphia Semiconductor Index was particularly prominent, up 149.39 points, or 3.52%, to close at 4,397.05. Among them, the 11 major sectors of the S&P 500 index showed a comprehensive closing in the red, of which communication services stocks rose 2.31%, followed by financial stocks with 2.15%, together becoming the main force leading the market. In terms of individual stocks, most technology stocks showed strong performance, however, Apple fell 3.74% after the earnings report due to the forward impact of tariff costs, and Amazon also fell 0.12% due to weaker financial forecasts and slowing growth of its cloud business. In addition, the ADR of Taiwan stocks also generally rose, with TSMC ADR up 3.80%. Bitcoin once approached 98,000 magnesium As U.S. stocks opened higher last night, bitcoin also strengthened. Bitcoin rose from $96,500 after the release of the jobs data, hitting a high of $97,895 at 10:45 p.m., according to Binance spot data. However, then selling pressure emerged, and it has fallen back to $96,484 before the deadline, a slight drop of 0.38% in the past 24 hours Related reports Bitcoin breaks through $96,000 and the consolidation ends will break out? Traders keep an eye on tomorrow night's U.S. non-farm payrolls data, U.S. stocks plunge near circuit breaker! Non-farm payrolls surged by 228,000 people more than expected, and bitcoin rose above 84,000 magnesium into a safe haven for funds? US non-farm payrolls are coming tonight! Analysis: Bitcoin is severely oversold, labor market is weak or cryptocurrencies rebound 〈US non-farm payrolls exceeded expectations in April! Bitcoin approaches 98,000 magnesium, S&P 9 consecutive red hit a 20-year record" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".