US Stocks Rise on Strong Jobs Data and Iran Peace Progress

The US stock market climbed on Friday, driven by a robust April jobs report and advancements in US-Iran peace negotiations, according to BeInCrypto. The S&P 500 rose 0.78%, nearing record highs, with semiconductors and AI infrastructure stocks leading the rally. April nonfarm payrolls increased by 115,000, surpassing expectations, while unemployment remained at 4.3%. Progress on a US-Iran peace memo, which could ease geopolitical tensions, further boosted risk appetite. Tech stocks outperformed, while healthcare lagged as investors rotated out of defensive sectors.