Markets News, May 3, 2024: Stocks End Higher After Benign Jobs Data; Major Indexes Post 2nd Straight Week of Gains

U.S. stocks closed higher on Friday, buoyed by optimistic jobs data suggesting economic resilience, which fueled hopes for potential rate cuts. The Dow Jones, S&P 500, and Nasdaq all posted gains, marking the second consecutive week of increases amid volatile trading influenced by earnings reports and economic data. Notable boosts came from Apple and Amgen following strong earnings reports, enhancing investor sentiment.