The Dow led a surge in US stocks on Friday as upbeat earnings from Apple lifted spirits in the wait for the monthly jobs report, a crucial litmus test for interest-rate expectations. Dow Jones Industrial Average futures jumped 0.8%, or 320 points, while S&P 500 futures rose 0.4%. Contracts on the tech-heavy Nasdaq 100 were up roughly 0.7%.
While CEO Tim Cook talked up Apple's plans for AI development — a key focus this earnings season — it was the company's plans for a $110 billion stock buyback, the biggest in US history, that captured the market's attention. Apple shares rose 6% in pre-market trading, set to buoy the Dow. The blue-chip index is also seeing a boost from heavyweight Amgen , whose shares soared 14% as comments by its CEO suggested its obesity drug could take on market leaders from Novo Nordisk .
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along. The S&P 500 rose 1.1% Friday. The Dow Jones Industrial Average rose 307 points and the Nasdaq composite rose 1.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. The S&P 500 rose 1.1...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street edges higher following surprisingly strong US jobs reportNEW YORK (AP) — Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Dow leads markets higher as earnings roll in, Powell comments on inflationStocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow futures jump over 200 points as earnings roll inStocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »