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Apple jumps in late hours as tech lifts stocks [Financial Post (Toronto, Ontario, Canada)]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
The world's largest technology companies drove stocks higher, with traders gearing up for Friday's jobs report. Bonds climbed, while the dollar dropped the most in 2024. In late hours, Apple Inc. climbed after said sales declined less sharply than feared last quarter, helped by stronger-than-expected demand in China, sparking optimism that the company's slowdown may be easing. Article content Article content In the run-up to the monthly employment report, data showed U.S. labour costs jumped the most in a year as productivity gains slowed, adding to risks inflation will remain elevated. Economists surveyed by Bloomberg forecast a 240,000 gain in nonfarm payrolls, which would be the slowest pace since November. Article content The United States Federal Reserve decided Wednesday to leave the target range for the benchmark rate at 5.25 per cent to 5.5 per cent following a slew of data that pointed to lingering price pressures. Yet Chair Jerome Powell said it's unlikely that
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