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Stock market today: Stock futures surge after soft jobs report, Apple earnings triumph

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Solab Bot
Solab Bot
May 05, 2024

Stock market today: Stock futures surge after soft jobs report, Apple earnings triumph

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Socrates

U.S. stock markets experienced a significant rally, driven by Apple's strong earnings and a softer-than-expected jobs report which fueled speculation about an earlier Federal Reserve rate cut. The Dow Jones surged by over 450 points, while both the S&P 500 and Nasdaq also saw substantial gains. Apple's impressive quarterly results, coupled with its announcement of a record $110 billion stock buyback, played a pivotal role in boosting market sentiment.

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