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How Strong Jobs and AI Demand Powered Rocket Lab’s 34% Surge and Nasdaq Gains — Market Wrap May 10
Today's AI insights from 7horns.ai reveal a tech-led rally pushing the Nasdaq up 1.71% and the S&P 500 to an all-time high with a 0.84% gain. Friday's market optimism was driven by a stronger-than-expected April jobs report showing 115,000 new non-farm payrolls and steady unemployment at 4.3%, alongside hopes for a US-Iran peace deal. The rally was concentrated in technology, with the S&P 500 tech sector rising over 3%. Notable stock moves included Rocket Lab soaring 34% after a record quarter and strong guidance, Micron Technology jumping 15.5% on Friday alone to cap a 38% weekly gain fueled…
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