- The Dow, the S&P 500 and the Nasdaq set to surge at Friday’s open, moving a leg higher after data showing much weaker-than-expected jobs growth in April. Bond yields drop after the report. Gains in Apple are boosting all three stock indexes. The Dow is getting an extra kick from Amgen’s surge.
- The U.S. economy created 175,000 nonfarm payrolls in April, according to the government’s monthly jobs report. Estimates had called for 240,000. The nation’s unemployment rate ticked up to 3.9%. Higher than expectations. Average hourly earnings up 0.2% from the previous month and up 3.9% from a year ago. Both lower than forecasts.
- Apple: The surveys were wrong, again. China wasn’t bad; it was better. Quarterly service revenue was great. Best is Vision Pro: Apple will embrace business-to-business uses for the mixed reality headset. The AI phone is coming sooner than we thought, so could be biggest refresh ever. We got …
Jim Cramer’s top 10 things to watch in the stock market Friday [Video]
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