On Friday, the Dow Jones Industrial Average led the rise in U.S. stocks after Apple's strong results (AAPL) Emotions were high as we waited for the monthly employment report, an important litmus test for predicting interest rates.
Dow Jones Industrial Average (^DJI) futures rose 0.8% (320 points), with the S&P 500 (^GSPC) futures rose 0.4%. Contract on the tech-heavy Nasdaq 100 (^NDX) rose about 0.7%.
All three gauges are ready to build significant closing profit After the market absorbs the earnings stream, it will shift its focus to the most watched event: the April jobs report.
apple Quarterly profit exceeded expectationsand it surprised investors Revenue from China exceeded expectations in the face of reports that iPhone sales were slowing.
CEO Tim Cook Talked about Apple's AI plans development – main focus This earnings season — that was the company's plan $110 billion in share buybacks, which became the largest in U.S. history and attracted the attention of the market. Apple shares rose 6% in premarket trading, on track to lift the Dow.
The blue-chip stock index is also based on major Amgen Inc. (AMGN), whose stock price soared 14%. CEO's comment Suggested that the obesity treatment drug has potential Gain market leadership from Novo Nordisk (NVO).
The April employment statistics are scheduled to be released at 8:30 a.m. Eastern Time. change your moodGiven that the labor market is seen as determining the trajectory of inflation, and therefore a key factor in shaping the Fed's interest rate policy. The number of non-agricultural employees is expected to grow There was a steady but slowing down last month.
read more: Impact of Fed interest rate decisions on bank accounts, CDs, loans, and credit cards
Investors reset their bets on the timing and outlook for rate cuts this year after Chairman Jerome Powell appeared more dovish than expected at the end of Wednesday's Fed meeting.
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