Morning Report 05 May 25: Wall Street propelled higher by encouraging jobs figures

US stocks rallied on Friday after stronger-than-expected jobs growth in April boosted investor confidence. The S&P 500 rose for a ninth straight session—its longest winning streak since 2004—with all sectors finishing in the green. Communication services led the gains, driven by a 4% jump in Meta shares. Financials also advanced, with the KBW Bank Index climbing 4% over the week, while industrials were buoyed by a 3% lift in Caterpillar and 3M. In commodities, oil prices slid 1.5%, marking their biggest weekly decline since March while gold futures also eased back from record highs. Closer to home, futures suggest a positive start for the ASX 200, as investors turn their attention to the upcoming confession season. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.