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US STOCKS-Wall St rallies 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 1.13%, S&P 1.10%, Nasdaq 1.90% (Updated at 11:41 a.m. ET/ 1541 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 also helped. 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. The unemployment rate came in higher than estimated. That prompted traders to boost bets that the Fed will deliver its first interest rate cut this year in September. "Worries about wage pressures have dragged on the market recently and today's number relieves some of those fears," said David Russell, global head of market strategy at TradeStation. "The first quarter had several diffi
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