Stocks jump after jobs data, Apple’s buyback: LIVE MARKET UPDATES

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Investors celebrated the latest jobs report which may push the Federal Reserve to cut interest rates sooner rather than later and Apple's stock buyback wows Wall Street. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

The unemployment rate unexpectedly ticked up to 3.9%Fast, 24/7 alerts delivered to your inbox daily. Subscribe to be in the know of the most important business moments around the world.are on pace for the largest increase since July 2009 after biotech giant said it plans to advance its weight loss drug candidate MariTade to final stage testing. For Novo Nordisk, the maker of drug leaders Ozempic and Wegovy, this presents a fresh new challenger.

Apple shares saw a boost in aftermarket trading after beating Wall Street's estimates with a year-over-year sales decline of 4.3%, while iPhone sales remain flat.The April jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.

 

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