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US STOCKS-Wall St rallies as soft jobs data makes case for Fed policy easing [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Expedia tumbles after cutting revenue growth forecast Indexes up: Dow 1.26%, S&P 1.34%, Nasdaq 2.08% (Updates to 14:08 EDT) By Stephen Culp NEW YORK, May 3 (Reuters) - Wall Street rallied on Friday as a softer-than-expected employment report appeared to support the case for Federal Reserve policy easing while also providing evidence of U.S. economic resiliency. All three major U.S. stock indexes were firmly in positive territory, with the tech-heavy Nasdaq leading the pack with an assist from Apple shares following its share buyback announcement. All three indexes were on track for their second straight Friday-to-Friday gains, capping a week in which markets were encouraged by Fed Chair Jerome Powell's more dovish-than-expected statements following Wednesday's rate decision by the Federal Open Market Committee (FOMC). The CBOE Volatility index, often called the "fear index," touched its lowest level in over a month. The Labor Department's employment report showed the
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