S&P 500 Closes Up 0.8% as Jobs Beat Fuels Tech Rally Despite Oil Surge

US markets closed with the S&P 500 up 0.8% after April nonfarm payrolls surprised at +115k versus 55-65k consensus, boosting risk appetite and extending Nasdaq's six-week win streak (~+30%). Steady 4.3% unemployment and softer +0.2% MoM wage growth reinforced a Goldilocks labor market, pricing 70% odds of Fed rates steady through year-end. Early caution from US-Iran tensions rebounding Brent crude over $100/bbl and AI-driven information sector losses (-13k jobs) capped gains, but jobs data dominated the bullish tone.