U.S. payrolls jump more than expected, but the report had several red flags for the economy
Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.

Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.
Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.
Intel, AMD and Micron surged double digits this week as investors bet on CPU makers and memory companies powering the next stage of AI
Samsung, Intel and TSMC are the only three companies in the world capable of manufacturing the most advanced chips needed for AI.
The restaurant company owns Dunkin', Arby's, Buffalo Wild Wings, Baskin Robbins, Sonic Drive-In and Jimmy John's.
Enthusiasm for space stocks has skyrocketed ahead of SpaceX's anticipated IPO.
"Stocks are not up or down because of jobs or consumer sentiment," Burry wrote. "Feeling like the last months of the 1999-2000 bubble."
The arrival of Anthropic's Mythos jolted banks, software giants and governments into reckoning with a new era of cyber attacks. But the threat is already here.
Micron Technology shares caught fire this week amid a global shortage of memory chips. The stock is heading for its best week since 2008.
President Donald Trump's "Gold Card," which promised U.S. residency in "record time," has been dogged by delays and legal questions.
Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.
In the ongoing redistricting wars, Virginia was seen as an opportunity for Democrats to pick up as many as four U.S. House seats in the 2026 midterm elections.
The shaky U.S. ceasefire with Iran has been repeatedly undermined this week, even as President Donald Trump insists it remains in effect.
Thanks to the Iran war, big issues for U.S. businesses like rare earths and supply chains may take a back seat on the agenda for the Trump-Xi summit.
U.S. Secretary of State Marco Rubio said Friday that the U.S. is expecting a response from Iran on Washington's proposal to end the war.
The cloud platform says it is currently working to resolve the outage, caused by overheating at a data center in Northern Virginia.
President Donald Trump said he will give the European Union until July 4 to ratify its trade agreement with the U.S.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Following its Q1 2026 earnings release, Fluor is pulling back by 15%.
Roundhill Investment's Memory ETF (DRAM) tracking the red-hot memory sector has raised more than $5 billion since its April 2 launch.
Whoop is introducing on-demand clinician access and AI-powered health guidance, largely included in the price of membership.
The world's largest automaker by sales volume saw a 1.89% year-on-year rise in revenue during the fourth quarter ended March.
Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price from 49,980 yen to 59,980 yen.
Early local election results in the U.K. indicate a backlash against the government, as cost of living pressures have once again dominated political discourse.