Stocks Gain on US Jobs Surprise as Treasuries Fall: Markets Wrap

Wall Street traders drove stocks higher as data showed the US labor market is holding up despite concerns about risks stemming from President Donald Trump’s tariff war. Bonds fell. The dollar rose.

Just days ahead of the US payrolls report, an unexpected increase in job openings buoyed sentiment. Tech giants led the S&P 500’s bounce, with Nvidia Corp. up almost 3%. Energy shares joined a rally in oil. Earlier equity losses were driven by a cut in OECD’s growth forecasts as the institution said combative trade policies have tipped the world economy into a downturn.