The Dow led a surge in US stocks on Friday as upbeat earnings from Apple lifted spirits in the wait for the monthly jobs report, a crucial litmus test for interest-rate expectations. Dow Jones Industrial Average futures jumped 0.8%, or 320 points, while S&P 500 futures rose 0.4%. Contracts on the tech-heavy Nasdaq 100 were up roughly 0.7%.
While CEO Tim Cook talked up Apple's plans for AI development — a key focus this earnings season — it was the company's plans for a $110 billion stock buyback, the biggest in US history, that captured the market's attention. Apple shares rose 6% in pre-market trading, set to buoy the Dow. The blue-chip index is also seeing a boost from heavyweight Amgen , whose shares soared 14% as comments by its CEO suggested its obesity drug could take on market leaders from Novo Nordisk .
Dow Litmus Test
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:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple services restored after brief outages globallyIssues with Apple App Store, Apple TV+, Apple Music resolved after outages
Source: globeandmail - 🏆 5. / 92 Read more »
Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along. The S&P 500 rose 1.1% Friday. The Dow Jones Industrial Average rose 307 points and the Nasdaq composite rose 1.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. The S&P 500 rose 1.1...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street edges higher following surprisingly strong US jobs reportNEW YORK (AP) — Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Dow leads markets higher as earnings roll in, Powell comments on inflationStocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow futures jump over 200 points as earnings roll inStocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »