US Risk Assets Rally as Jobs and Housing Data Exceed Forecasts

US risk assets surged on May 5 following better-than-expected job openings, home sales, and services data. Bitcoin (BTC) approached $81,600, while the S&P 500 rose to 7,253 and the Nasdaq 100 reached 27,964. According to BeInCrypto, the data indicated strong labor demand and a housing market rebound, supporting moderate growth without overheating. March job openings were reported at 6.866 million, surpassing the 6.84 million consensus, while new home sales jumped 7.4% to an annualized rate of 682,000, exceeding forecasts. The Federal Reserve's patient stance eased recession fears.