Wall Street extended its gains to a ninth straight day, marking its longest winning streak since 2004 and reclaiming the ground it lost since President Trump escalated his trade war in early April,

Wall Street has clawed back losses incurred after President Donald Trump imposed global tariffs a month ago, capping the longest winning streak in two decades for US stocks. Shares saw gains for the ninth day in a row for the first time since 2004 after a better-than-expected jobs report and rising hope of US-China trade talks.

While companies across industries have already shared weaker or cloudy outlooks amid tariff uncertainty, larger impacts on their bottom lines may not be seen until farther down the road. The Xbox price hikes were announced just one day after Microsoft posted a strong earnings report.

Microsoft's Xbox is hiking the prices of its gaming consoles, controllers, first-party titles and other accessories, following similar moves by competitors due to U.S. tariffs impacting global supply chains.

Microsoft announced it would be raising the prices of Xbox consoles, controllers and video games thanks to "market conditions."

That is how much tariffs will add to Apple's costs this quarter, assuming existing policies remain in place, said Chief Executive Tim Cook. He forecast the hit could worsen further ahead. Shares in the iPhone maker fell nearly 3% in premarket trading.

Trump's tariffs will cost Apple about $900 million in Q2, but Tim Cook says most iPhones sold in the US will come from India, meaning lower tariffs and, hopefully, no price hikes for you.

The jobs market was expected to slow in April, but the new report from the Labor Department showed the labor market is weathering tariff uncertainty.

US employers added 177,000 jobs in April as Trump's tariffs took effect; unemployment at 4.2%, April jobs report shows.