04:26 PM EDT, 05/02/2025 (MT Newswires) -- US benchmark equity indexes closed higher on Friday, as official data showed the US nonfarm jobs additions in April exceeded expectations.

The Nasdaq increased 1.6% to 17,988.29, while the S&P 500 gained 1.6% to 5,694.21. The Dow Jones Industrial Average was up 1.5% to 41,359.99. All sectors were in the green, with communication services and financials posting the highest gains.

US Treasury yields were up, with the 10-year rate increasing 9.1 basis points to 4.3% and the two-year rate gaining 12.7 basis points to 3.8%.

June West Texas Intermediate crude oil decreased 1.1% to $58.58 a barrel on Friday.

In economic news, the US economy added 177,000 nonfarm jobs last month, the Bureau of Labor Statistics reported. The consensus was for a 138,000 increase in a survey compiled by Bloomberg. The unemployment rate was steady at 4.2% in April, in line with the market view.

"Some of the underlying details of the April employment report were softer than the headlines, but overall, the data were strong enough to allow the Federal Reserve to remain on the sidelines as it monitors the impact of tariffs on inflation and inflation expectations," Oxford Economics said.

President Donald Trump once again called on the Fed to reduce interest rates. In a social media post, Trump said there's "no inflation" in the US, while employment is strong.

In company news, DexCom ( DXCM ) shares jumped 16%, the top gainer on the S&P 500. The company maintained its full-year revenue guidance after delivering a first-quarter sales beat late Thursday.

United Airlines (UAL) shares were up 7.1%. The company's planned domestic partnership with JetBlue Airways ( JBLU ) is facing a pushback from its pilot union, Reuters reported Thursday, citing a letter. The pilot union head, Wayne Scales, told members the decision could "fundamentally reshape" the airlines and affect the future of its employees. JetBlue ( JBLU ) shares gained 8.7%.

GoDaddy ( GDDY ) shares fell 8.4%, the worst performer on the S&P 500. Barclays and RBC cut their price targets on the stock after the company reported Q1 results late Thursday.

LendingTree ( TREE ) shares fell past 20% after reporting Q1 revenue that missed analysts' expectations and cutting its full-year revenue guidance a day earlier.

Gold increased 0.5% to $3,237.30 per troy ounce, while silver was down 0.8% to $32.23 per troy ounce.