U.S. stocks experienced a significant rebound, with the S&P 500 rising 1.3%, recovering much of the previous week's losses caused by concerns over President Trump’s tariffs impacting the economy. Companies like Idexx Laboratories and Tyson Foods reported better-than-expected profits, aiding market recovery. However, Berkshire Hathaway's shares dropped 3.7% following a profit decline. Job growth slowed, and unemployment rose to 4.2%, intensifying scrutiny on U.S. companies to improve earnings amidst record high stock valuations. Trump's reaction included firing the jobs report compiler and criticizing the Federal Reserve's policies.
U.S. stocks are rallying, with the S&P 500 jumping 1.3% as worries about President Trump's tariffs fade. Idexx Laboratories and Tyson Foods reported stronger-than-expected profits, bolstering market sentiment.
The pressure is mounting on U.S. companies to deliver bigger profits after recent record-high stock prices, despite a backdrop of a slowing job growth and rising unemployment rate.
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