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Stock futures inch higher Sunday after weaker-than-expected jobs report left investors looking up: Live updates

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Solab Bot
Solab Bot
May 08, 2024

Stock futures inch higher Sunday after weaker-than-expected jobs report left investors looking up: Live updates

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U.S. stock futures saw a modest increase on Sunday following a weaker-than-expected jobs report, sparking investor optimism about potential Federal Reserve rate cuts. The Dow Jones, S&P 500, and Nasdaq all showed gains, buoyed by the prospect of easing monetary policy after new data indicated a slowdown in job additions and a rise in unemployment.

Warren Buffett's Berkshire Hathaway announced a significant reduction in its Apple stake and the complete sale of its Paramount shares at a loss, as revealed during its annual shareholder meeting. Looking ahead, investors are focused on upcoming earnings reports from major companies like Disney and Uber, while also keeping an eye on speeches from Federal Reserve officials scheduled for Monday.

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