REUTERS: U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism from an easing in friction between Washington and Beijing.
"The fact they didn't come in higher is a bit of a relief rally. The market is exhaling a little bit on the fact that the worst jobs report in modern history wasn't even worse." "The disconnect between sanguine financial markets and an imploding real economy grows larger by the day as bets for more and more stimulus are leading Wall Street to turn a blind eye to how catastrophic economic data really are," said Marios Hadjikyriacos, investment analyst at online broker XM.
Financial stocks tracked a rise in Treasury yields, while energy stocks jumped on the back of higher oil prices.
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