Stock Market Today: S&P 500 ends higher as weaker jobs data boost rate cut hopes

Investing.com-- The S&P 500 surged Friday as Apple led a surge in tech just as data showed jobs gains fell short of expectations in April, lifting hopes that the Federal Reserve could begin cutting interest rates sooner rather than later.Treasury yields slipped on renewed hopes for rate cuts this year, after the data showed the U.S. economy added jobs at a slower rate in April, with only 175,000 jobs added last month, compared with a revised 315,000 in March.

iPhone sales fell just shy of analyst expectations, but the results were better than feared, particularly in China, in which slowing growth has been a key worry for investors. Pointing to various catalysts including further adoption, stablecoin bill, Base, derivative, international expansion that can support the stock, Oppenheimer lifted its price target on the stock to $282 from $276.Stop the cap powell even said no rate cuts this year 😂😂😂😂article be a bunch of liars that are paid to write it lmaoC'mon just quit with the charade...stocks go up regardless of the news.

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