Payrolls report ahead, Apple earnings - what's moving markets

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Payrolls report ahead, Apple earnings - what's moving markets

Investing.com -- U.S. futures were mixed on Friday prior to a much-anticipated payrolls report, while traders pour through financial results from tech giant Apple . Elsewhere, FTX founder Sam Bankman-Fried is convicted of stealing billions of dollars from customers, capping a shocking fall from grace for the man who was once considered to be the face of the crypto industry.U.S.

Speaking at a news conference on Wednesday, Fed Chair Jerome Powell left open the possibility for additional policy increases, but stressed that officials will proceed carefully in response to a host of uncertainties facing the U.S. economy.Shares in Apple dipped in premarket U.S. trading, as concerns remained around the tech giant's projections for its current three-month period.

But Apple executives maintained that the firm still gained market share in China, with Chief Financial Officer Luca Maestri telling the Wall Street Journal that the four best-selling phones in the country were iPhones.

 

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