Stock futures surged on Friday as investors dissected a softer jobs report for April.
Futures linked to the Dow Jones Industrial Average climbed 290 points, representing a 0.8% increase. S&P 500 futures also saw a rise of 0.4%, and Nasdaq 100 futures experienced a gain of approximately 0.6%.
During after-hours trading, Apple saw its stock price increase by more than 6% following the announcement of a $110 billion share repurchase initiative and exceeding both top and bottom-line financial expectations.
Meanwhile, biotech giant Amgen saw a substantial surge of 14% after reporting better-than-anticipated earnings and revenue figures. On the other hand, Cloudflare’s stock dipped by 14% after issuing below-par revenue guidance for the full year.
On Thursday, the three major U.S. stock market indices closed with gains. The S&P 500 showed a notable increase of 0.91%, while the Dow Jones Industrial Average registered a gain of 0.85%. The tech-heavy Nasdaq Composite performed the best, posting a robust gain of 1.51%.
Source (CNBC)