Jobs Data, Apple Earnings May Lead To Extended Rally On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 03 May 2024 09:08:42 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a sharply higher open on Friday, with stocks likely to extend the rally seen over the course of the previous session. The futures surged to new highs following the release of a closely watched Labor Department showing employment in the U.S. increased by much less than expected in the month of April. The Labor Department said non-farm payroll employment climbed by 175,000 jobs in April after surging by an upwardly revised 315,000 jobs in March. Economists had expected employment to jump by 243,000 jobs compared to the spike of 303,000 jobs originally reported for the previous month. The report also showed the unemployment rate crept up to 3.9 percent in April from 3.8 percent in March. The unemployment rate was expected to remain unchanged. Treasury yields have shown a steep drop following the release of the report, with the yield on the benchmark ten-year note tumbling below 4.5 percent. The data combined with the decease by treasury yields is likely to help further offset concerns about the outlook for interest rates. The reaction to the jobs data adds t... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than expected in the month of April. The Labor Department said non-farm payroll employment climbed by 175,000 jobs in Ap... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Amgen (AMGN) are moving sharply higher in pre-market trading after the biotechnology company reported first quarter results that exceeded analyst estimates on both the top and bottom ... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks have moved higher on Friday after European Central Bank policymaker Yannis Stournaras said he sees three rate cuts in 2024. Stournaras reportedly said in an interview that three rate cuts in 2024 is the more likely scenario after considering recent growth and inflation data. A slew of encouraging earnings updates and signs of improvement in U.K. services growth also helped underpin investor sentiment. The U.K. service sector expanded at the quickest pace in nearly a year, spurred by a renew... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks rose broadly on Friday, with tech shares leading the charge following Apple's quarterly earnings beat and massive buyback program. Regional trading volumes were thin due to market holidays in mainland China and Japan. The dollar index lingered near a three-week low ahead of key U.S. jobs data report later in the day that might point to a slower but still strong pace of hiring in April. Gold drifted below $2,300 per ounce and headed for its first ba... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.54 to $79.49 a barrel after edging down $0.05 to $78.95 a barrel on Thursday. Meanwhil... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49