The Nasdaq outperformed in a strong day for stocks thanks to Qualcomm's post-earnings pop.
U.S. markets ended the week on a high note as treasury yields fell after the April jobs report came in weaker-than-expected, giving hope to investors that the Fed could cut rates sooner rather than later.The Dow jumped 450 points to close higher by more than 1%, while the Nasdaq gained 2%. The S&P also ended higher by more than 1%.: Compare the Best Growth StocksFriday's labor report for April showed 175,000 jobs added for the month, significantly below estimates of 250,000, while wage gains...
U.S. stocks closed sharply higher Friday, as Treasury yields fell after a softer-than-anticipated April jobs report. The Dow Jones Industrial Average climbed 450.02 points, or 1.2%, to finish at 38,675.68. The S&P 500 gained 63.59 points, or 1.3%, to end at 5,127.79. The Nasdaq Composite jump
The main indexes rallied hard to end the week thanks to Apple's $110 billion stock repurchase plan and a big April payrolls miss.
The Bureau of Labor Statistics report drops at 8:30 a.m. ET.
Stocks managed to rebound on May 2, ahead of the big April Jobs report.
Technology shares led stock indexes higher Thursday ahead of a key jobs
The April jobs report is expected to show the U.S. labor market cooled last month but that hiring remained solid even in the face of high interest rates and chronic inflation. The Labor Department's April payroll report, due at 8:30 a.m. ET Friday, is projected to show that hiring increased by 243,000 last month and that the unemployment rate held steady at 3.9%, according to a median estimate by LSEG economists. That would mark a decrease from the 303,000 gain in March, but it remains above the...
A reliable leaker reports that Resident Evil 9 may be revealed soon, as the January 2025 release date remains on track. Marketing timelines mean RE9 is likely to be announced in the coming month.
Fulfillment Distribution Center anticipates the closure and layoffs take effect on or around Oct. 31, 2024. In 2023, the plant was the 13th largest employer with 407 employees, according to the city.
Without any major economic reports, earnings — especially forward guidance and management commentary — will drive the action.
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