Dow jumps more than 400 points as weak jobs report raises Fed rate cut hopes: Live updates
Publishing timestamp: 2024-05-03 13:30:08
Summary
Stocks jumped on Friday after a softer-than-expected April jobs report raised hopes of Federal Reserve cutting interest rates soon. Major indices surged, with tech stocks benefiting from falling rates. Strong quarterly reports from companies like Apple and Amgen also contributed to the rally. European stocks also opened higher, and demand for power and data centers is expected to increase in the coming years.
Sentiment: POSITIVE
Tickers: NET, @SP.1, ALHC, .SPX, RMAX, OPEN, AMGN, .IXIC, TWST, @ND.1, DJT, .RUT, LYV, @DJ.1, AAPL, .STOXX, JPY=, .DJI, EXPE,
Keywords: dow jones fut (mar'23), s&p 500 fut (mar'23), business news, apple inc, amgen inc, labor economy, breaking news: markets, economy, cloudflare inc, markets, nasdaq 100 fut (mar'23), personnel,
Source: https://www.cnbc.com/2024/05/02/stock-market-today-live-updates.html