My top 10 things to watch Friday, May 3 The Dow , the S & P 500 and the Nasdaq set to surge at Friday's open, moving a leg higher after data showing much weaker-than-expected jobs growth in April. Bond yields drop after the report. Gains in Apple are boosting all three stock indexes. The Dow is getting an extra kick from Amgen's surge. The U.S. economy created 175,000 nonfarm payrolls in April, according to the government's monthly jobs report. Estimates had called for 240,000.
The U.S. economy created 175,000 nonfarm payrolls in April, according to the government's monthly jobs report. Estimates had called for 240,000. The nation's unemployment rate ticked up to 3.9%. Higher than expectations. Average hourly earnings up 0.2% from the previous month and up 3.9% from a year ago. Both lower than forecasts.: The surveys were wrong, again. China wasn't bad; it was better. Quarterly service revenue was great.
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade..
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