News Formal

Stock market news: Apple helps S&P 500 snap losing streak

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Ireland News News

Dow leaps 546 points as US stocks surge after Apple earnings and hot April jobs report

Nonfarm payroll employment of 253,000 trounced the 180,000 estimate. The unemployment rate fell to 3.4%.

"The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week. But the big revisions to the prior readings suggest the jobs market is perhaps not as strong as the latest data makes it out to be," Fawad Razaqzada, market analyst at City Index, wrote in a Friday note. Here's what else is happening today:

 

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

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Stock market news today: S&P 500 aided by Apple, big jobs gainUS stocks climb as investors cheer strong Apple earnings and assess big April jobs report
Source: BusinessInsider - 🏆 729. / 51 Read more »

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 »