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US STOCKS-Wall St gains after soft jobs data allays rate jitters [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Apple jumps after announcing record share buyback Expedia slides after trimming FY revenue growth forecast Indexes up: Dow 1.26%, S&P 1.15%, Nasdaq 1.92% (Updated at 10:02 a.m. ET/1402 GMT) By Shristi Achar A and Shashwat Chauhan May 3 (Reuters) - Wall Street's main indexes advanced on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support. U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4% for the first time in nearly three years, while the unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%. "The data is soft across the board from the Fed's perspective, which is what really matters and an unemployment rate of 3.9% is not something disastrous," said Jason Pride, chief of investment strategy and research at Glenmede. "This indicates an economy t
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