02:03 PM EDT, 05/02/2025 (MT Newswires) -- US benchmark equity indexes were higher intraday after official data showed the economy added more jobs than expected in April, while China indicated it's open to trade talks with the Trump administration.

The Nasdaq Composite was up 1.6% at 17,986.3 after midday Friday, while the S&P 500 rose 1.4% to 5,684.7. The Dow Jones Industrial Average advanced 1.3% to 41,299.5. All sectors were in the green, led by communication services and financials.

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 urged the Fed to reduce interest rates. In a social media post, Trump said there's "no inflation" in the US, while employment is strong.

China said Friday it is evaluating approaches made by US officials to kick off negotiations on tariffs.

"If we fight, we will fight to the end; if we talk, the door is open," Yahoo Finance reported, citing a statement from China's commerce ministry.

US Treasury yields were higher intraday, with the two-year rate jumping 12.7 basis points to 3.83% and the 10-year rate increasing 8.7 basis points to 4.32%.

In company news, DexCom ( DXCM ) shares jumped 15%, the top gainer on the S&P 500. The company late Thursday maintained its full-year revenue guidance after delivering a first-quarter sales beat.

Apple ( AAPL ) shares were down 3.9% intraday Friday, the steepest decline on the Dow and among the worst on the S&P 500 and the Nasdaq. Chief Executive Tim Cook said late Thursday that it's "very difficult" to predict the impact of tariffs beyond June. The iPhone maker posted better-than-expected fiscal second-quarter results.

FuboTV ( FUBO ) shares sank 14% intraday Friday after the live-sports streaming company forecast double-digit percentage declines in sales and subscribers for the second quarter.

West Texas Intermediate crude oil was down 1.9% at $58.14 a barrel intraday. Prices fell as traders adjusted positions ahead of an upcoming meeting of the Organization of the Petroleum Exporting Countries and its allies, D.A. Davidson said in a client note.

Gold was up 0.5% at $3,239.40 per troy ounce, while silver fell 0.9% to $32.05 per ounce.