Pre-Market Report – Friday 2 May: US markets continue higher | Now positive since 'Lib Day'

The Dow Jones Industrial Average climbed 83.60 points, or 0.21%, to close at 40,752.96. The S&P 500 gained 0.63% to end at 5,604.14, still slightly below its levels from before President Donald Trump's "Liberation Day" tariffs announcement in early April. The Nasdaq Composite increased 1.52%, to close at 17,710.74 and wipe out the decline it experienced since April 2.

Weekly jobless claims increased 241,000, topping the Dow Jones estimate of 225,000 and keeping Thursday’s bullishness in check. That result stoked economic concerns after a disappointing gross domestic product report for the first quarter. The unemployment data also raises the stakes for April’s nonfarm payrolls reading on Friday.

SPI down 32 - Apple and Amazon down slightly after hours on quarterlies - Block tumbles - Atlassian drops - Gold eases - Oil rises.

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