Stock market today: Dow leads surge in stocks after soft jobs report, Apple earnings triumph

US stocks experienced a significant surge on Friday, driven by strong earnings from Apple and a softer-than-expected jobs report. The Dow Jones, S&P 500, and Nasdaq all posted gains, fueled by investor optimism that the Federal Reserve might cut interest rates sooner due to the weak jobs data.

Apple's shares soared after reporting better-than-expected earnings and announcing a $110 billion share repurchase plan. Meanwhile, other companies like Coinbase and Cloudflare showed mixed results; Coinbase exceeded revenue expectations, while Cloudflare's revenue projections disappointed investors.

The overall market sentiment was lifted by the possibility of a rate cut by the Fed, as indicated by the increased likelihood of a cut at its July meeting. This optimism overshadowed concerns from various sectors, including a cooling labor market and ongoing geopolitical tensions.