News Formal

Stock market news today: S&P 500 aided by Apple, big jobs gain

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

US stocks climb as investors cheer strong Apple earnings and assess big April jobs report

US jobs report

outstripped expectations. Nonfarm payroll employment soared by 253,000 in April compared with a 180,000 estimate. The unemployment rate fell to 3.4%. "A strong job market will boost earnings and household spending capacity, which is good for the housing market and broader economy. However, a too-strong market means the Fed has to tighten further, dampening that good news and running a higher risk of over-tightening," Danielle Hale, chief economist at Realtor.com, wrote in a note.Here's where US indexes stood at the 9:30 a.m.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 wobbles as PacWest-led slump in banks stokes worries; Apple earnings eyed By Investing.comS&P 500 wobbles as PacWest-led slump in banks stokes worries; Apple earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock futures rise slightly following Apple earnings: Live updatesInvestors looked ahead to April’s payroll report, due on Friday morning.
Source: CNBC - 🏆 12. / 72 Read more »