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April jobs data, US dollar, seasonality: Trading Takeaways

Stocks (^DJI, ^IXIC, ^GSPC) shot up in Friday's session, coming off of April's cooler-than-anticipated jobs report. The US economy added 175,000 new jobs, falling below expectations as the unemployment rate rose to 3.9%. April was an especially tough month for the market, damping the momentum from 2024's first quarter.

Yahoo Finance Senior Markets Reporter Jared Blikre joins Market Domination Overtime to break down the sectors that are trading higher following lackluster job growth and rising weaknesses within the US dollar.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Melanie Riehl