12:35 PM EDT, 05/02/2025 (MT Newswires) -- US equity indexes rose in Friday midday trading as strong jobs data countered bearish signals from Apple (AAPL) and Amazon.com (AMZN).

The Nasdaq Composite jumped 1.8% to 18,020.9, the S&P 500 rose 1.6% to 5,693.1 and the Dow Jones Industrial Average climbed 1.5% to 41,372.6. All sectors rose with communication services, financials and industrials pacing the gains.

In economic news, nonfarm payrolls climbed 177,000 in April, the Bureau of Labor Statistics reported. The consensus was for a 138,000 increase, according to a Bloomberg survey. Gains for March were revised down by 43,000 to 185,000 and lowered by 15,000 for February.

The unemployment rate was steady at 4.2% in April, matching consensus expectations.

US Treasury yields rose with the 10-year surging 7.1 basis points to 4.3% and the two-year rate soaring 9.8 basis points to 3.8%.

In company news, Apple Chief Executive Officer Tim Cook said it is "very difficult" to predict the impact of tariffs beyond June after the iPhone maker reported better-than-expected fiscal Q2 results. Cook said the company estimates global tariffs to add $900 million to its costs in the June quarter. The shares slumped 3.9%.

Amazon offered cautious Q2 guidance as macroeconomic uncertainty and potential tariff impacts cloud the near-term outlook, Wedbush said. Shares of the online retailer rose 0.9% after Q1 earnings and revenue topped Wall Street estimates.

West Texas Intermediate crude oil futures dropped 1.4% to $58.46 a barrel.