Solid earnings results and a weaker-than-expected April jobs report helped push stock prices higher.
"The case for rate cuts got a little stronger today.
AdvertisementUS stocks surged on Friday after a solid Apple earnings report and a weaker-than-expected April jobs report, which increased the chances of an interest rate cut from the Federal Reserve later this year.
The case for rate cuts got a little stronger today.
AdvertisementAlso helping boost stocks Friday was Apple, which surged about 7% after it reported a better-than-feared second-quarter earnings report.
Persons:
TradeStation's David Russell, —, David Russell
Organizations:
Nasdaq, Service, Federal Reserve, Business, Apple