Dowtin scores a career-high 30 points and 76ers snap 12-game skid with 122-103 win over Wizards

WASHINGTON (AP) — Jeff Dowtin Jr. scored a career-high 30 points and the Philadelphia 76ers snapped a 12-game losing streak with a 122-103 victory over the Washington Wizards on Wednesday night.

Lonnie Walker IV had 24 points for the 76ers, who won despite a lengthy list of injured players that included Joel Embiid, Paul George, Eric Gordon, Kyle Lowry, Tyrese Maxey, Jared McCain and Andre Drummond.

Dowtin, a Washington, D.C.-area native on a two-way contract for Philadelphia, played for the 76ers for the first time this month. He went 11 of 15 from the field and made four 3-pointers, surpassing his previous career high of 24 points from March 14 against Indiana.

Tristan Vukcevic led Washington with a career-high 24 points. The Wizards were without Jordan Poole, Khris Middleton, Corey Kispert, Bilal Coulibaly and Malcolm Brogdon. Marcus Smart was not listed on the injury report, but did not play.

76ers: Philadelphia attempted 50 3-pointers, with four players making at least three. The 76ers turned a close game (they led 53-50 at the half) into a blowout.

Wizards: Washington (17-63) will finish with the worst record in the Eastern Conference, although it's possible Charlotte could tie the Wizards. Utah, at the bottom of the West, was 16-63 entering Wednesday.

It was still a competitive game early in the fourth before the 76ers went on a 12-3 run to lead 101-87. It was smooth sailing from there for Philadelphia.

This was Washington's home finale. The Wizards went an NBA-worst 8-32 at home this season, with one game in Mexico City.

Both teams return to the court Friday night. Philadelphia visits Atlanta, and the Wizards are at Chicago.

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Philadelphia 76ers center Adem Bona (30) shoots the ball over Washington Wizards forward Alex Sarr (20) during the first half of an NBA basketball game in Washington, Wednesday, April 9, 2025. (AP Photo/Terrance Williams)

Washington Wizards forward Justin Champagnie (9) drives to the basket as Philadelphia 76ers forward Alex Reese defends during the first half of an NBA basketball game in Washington, Wednesday, April 9, 2025. (AP Photo/Terrance Williams)

Washington Wizards guard Jaylen Martin is fouled by Philadelphia 76ers guard Lonnie Walker IV while attempting a shot during the first half of an NBA basketball game in Washington, Wednesday, April 9, 2025. (AP Photo/Terrance Williams)

Philadelphia 76ers forward Quentin Grimes (5) shoots the ball over Washington Wizards guard Jaylen Martin (4) during the first half of an NBA basketball game in Washington, Wednesday, April 9, 2025. (AP Photo/Terrance Williams)

Washington Wizards guard Bub Carrington (8) drives to the basket against Philadelphia 76ers guard Ricky Council IV during the first half of an NBA basketball game in Washington, Wednesday, April 9, 2025. (AP Photo/Terrance Williams)

Washington Wizards forward Kyshawn George, center, is held back by teammates after being fouled by Philadelphia 76ers guard Lonnie Walker IV, right, during the first half of an NBA basketball game in Washington, Wednesday, April 9, 2025. (AP Photo/Terrance Williams)

Philadelphia 76ers guard Lonnie Walker IV shoots the ball over Washington Wizards guard Colby Jones (1) during an NBA basketball game in Washington, Wednesday, April 9, 2025. (AP Photo/Terrance Williams)

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

The rally was spurred by a better-than-expected report on the U.S. job market and resurgent hope for a ratcheting down in the U.S. trade showdown with China.

The S&P 500 climbed 1.5%. The Dow Jones Industrial Average added 1.4%, and the Nasdaq composite rose 1.5%.

The gains were broad. Roughly 90% of stocks and every sector in the S&P 500 advanced. Technology stocks were among the companies doing the heaviest lifting. Microsoft rose 2.3% and Nvidia rose 2.5%. Apple, however, fell 3.7% after the iPhone maker estimated that tariffs will cost it $900 million.

Banks and other financial companies also made solid gains. JPMorgan Chase rose 2.3% and Visa closed 1.5% higher.

Employers added 177,000 jobs in April. That marks a slowdown in hiring from March, but it was solidly better than economists anticipated. However, the latest job figures don’t yet reflect the effects on the economy of President Donald Trump’s across-the-board tariffs against America’s trading partners. Many of the more severe tariffs that were supposed to go into effect in April were delayed by three months, with the notable exception of tariffs against China.

“We’ve already seen how financial markets will react if the administration moves forward with their initial tariff plan, so unless they take a different tack in July when the 90-day pause expires, we will see market action similar to the first week of April,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management.

The S&P 500 slumped 9.1% during the first week of April as Trump announced a major escalation of his trade war with more tariffs. The market has now clawed back its losses since then, helped by a string of resilient earnings reports from U.S. companies, hopes for de-escalation of trade tensions with China and expectations that the Federal Reserve will still be able to cut rates a few times this year.

The benchmark index is still down 3.3% so far this year, and 7.4% below the record it reached in February.

All told, the S&P 500 rose 82.53 points to 5,686.67. The Dow gained 564.47 points to 41,317.43, and the Nasdaq added 266.99 points to 17,977.73.

The job market is being closely watched for signs of stress amid trade war tensions. Strong employment has helped fuel solid consumer spending and economic growth over the last few years. Economists are now worried about the impact that taxes on imports will have on consumers and businesses, especially about how higher costs will hurt hiring and spending.

The economy is already showing signs of strain. The U.S. economy shrank at a 0.3% annual pace during the first quarter of the year. It was slowed by a surge in imports as businesses tried to get ahead of Trump’s tariffs.

The current round of tariffs and the on-again-off-again nature of Trump’s policy has overshadowed planning for businesses and households. Companies have been cutting and withdrawing financial forecasts because of the uncertainty over how much tariffs will cost them and how much they will squeeze consumers and sap spending.

Hopes remain that Trump will roll back some of his tariffs after negotiating trade deals with other countries. China has been a key target, with tariffs of 145%. Its Commerce Ministry said Beijing is evaluating overtures from the U.S. regarding the tariffs.

Investors had a relatively quiet day of earnings reports following a busy week. Exxon Mobil rose 0.4%, recovering from an early slide, after reporting its lowest first-quarter profit in years. Rival Chevron rose 1.6% after it also reported its smallest first-quarter profit in years.

Falling crude oil prices have weighed on the sector. Crude oil prices in the U.S. are down about 17% for the year. They fell below $60 per barrel this week, which is a level at which many producers can no longer turn a profit.

Block slumped 20.4% after reporting a sharp drop in first-quarter profit that fell short of analysts' forecasts. The financial technology company behind Cash App cited a pullback in consumer spending on travel and other discretionary items as a key reason for the results.

Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.31% from 4.22% late Thursday.

Trader Edward Curran works on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Trader Rob Taylor works on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Specialist Patrick King works on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Trader James Matthews, left, and specialist James Denaro work on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Specialist Glenn Carell, left, and trader Mathias Roberts, center, work on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Specialist Alex Weitzman works at his post on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Specialist Philip Finale, left, and trader Robert Charmak work on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Trader Niall Pawa works on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Specialist Michael Pistillo, left, and trader Fred Demarco work on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Specialists Meric Greenbaum, left, and Philip Finale confer on the floor of the New York Stock Exchange, Friday, May 2, 2025. (AP Photo/Richard Drew)

Specialist James Denaro works at his post on the floor of the New York Stock Exchange, Thursday, May 1, 2025. (AP Photo/Richard Drew)

Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange, Monday, April 28, 2025. (AP Photo/Richard Drew)