The strong jobs report also spurred a spike in Treasury yields and reduced expectations for the Federal Reserve to cut interest rates soon.

Stocks, bond yields and the dollar gained on Thursday after a strong jobs report soothed nerves about how the economy is faring during the early stages of President Donald Trump’s tariff campaign.

Stock markets rose and the dollar held steady Thursday as strong jobs data showed the resilience of the US economy.

U.S. equity markets dipped slightly on Tuesday, pulling back from recent record peaks as investors digested developments on trade and fiscal policies while awaiting key labor market reports scheduled for later this week.

Trump's trade policies have hit Iowa's farmers hard, especially with China's retaliatory tariffs slashing soybean exports and prices. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider,

U.S. stocks closed mixed Wednesday, with the SP 500 and Nasdaq setting new record highs, fueled by strong tech performance and easing trade tensions following a deal between the U.S. and Vietnam. The Dow Jones