5 things to know before the stock market opens Friday
Publishing timestamp: 2024-05-03 09:06:31
Summary
Apple approved $110 billion share buyback, U.S. economy added fewer jobs than expected in April, and AI workers express concerns about the dark side of the push for new technology. Stock futures soared on hopes of interest rate cuts following the softer-than-expected jobs report. Apple reported second-quarter earnings with a 4% revenue decrease and a 10% drop in iPhone sales. Paramount's future remains uncertain with potential takeover offers from Sony Pictures and Apollo Global Management. Workers at tech companies are facing burnout and concerns about the impact of AI technology on climate change and surveillance.
Sentiment: MIXED
Tickers: AMZN, GOOGL, PARA, @DJ.1, @SP.1, MSFT, AAPL, @ND.1, APO,
Keywords: julia boorstin, jeff cox, apple inc, business news, investment strategy, labor economy, alphabet inc, paramount global, economy, markets, business, shari redstone, personnel, microsoft corp, amazon.com inc, apollo global management inc, tim cook,
Source: https://www.cnbc.com/2024/05/03/5-things-to-know-before-the-stock-market-opens-friday-may-3.html