Amy Morris

And there's your closing bell on Wall Street where signs of labor market strength drove stocks to all-time highs.

And we bring you those closing numbers each day here at Bloomberg.

The S&P 500 gained 62 points.

NASDAQ gained 441 points.

And the Dow gained 11 points.

The 10-year Treasury yield at 4.36%.

The 2-year yield at 3.89%.

Sources tell Bloomberg that President Trump plans to fire Food and Drug Administration Commissioner Marty McCary.

The White House released a statement that neither confirmed nor denied plans to fire the FDA chief.

When reached by phone, McCary had no comment.

Biotech markets moved higher on the news.

President Trump says there will be a three-day ceasefire between Russia and Ukraine over the weekend, as well as a prisoner swap.

The ceasefire, which Trump said would last May 9th through the 11th, coincides with Russia's Victory Day celebrations.

Bloomberg's Jeff Mason.

Ukraine President Vladimir Zelensky confirmed the move, posting on social media that there will be a prisoner swap of 1,000 people from each side, and he expects the U.S.

to ensure Russia fulfills the agreement.

Russia's Interfax News Agency says the Kremlin has also agreed to the ceasefire plan.

The U.S.

carried out airstrikes on two empty Iranian oil tankers, which Iran said had violated the ceasefire agreement.

And Trump has threatened more intense strikes if Iran refuses his terms for a peace deal.