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Poor Jobs Data Causes Yields to Drop, and Dow Futures Leap 500 Points

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)

SourceCNBC
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