This Week In The Market: Federal Reserve Dispels Rate Hike Worries As Labor Market Takes A Cooler Tone; Apple Attracts Investors With Record-Breaking Buyback Plan

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The earnings season remains optimistic, with half of S&P 500 companies already having reported, and nearly 80% of them exceeding earnings expectations.Apple Inc.(NASDAQ:AAPL) made headlines Thursday with a double beat announcement and a record $110-billion stock buyback program.Sell In May?

The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.

In April, the labor market displayed some signs of cooling, with the pace of new job creation dropping compared to March, and the unemployment rate unexpectedly rising.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Savings Janet Yellen Macro Notification Cryptocurrency Tech Expert Ideas Market Summary TSLA EVs Large Cap Benzinga ETFs Retirement US0378331005 AAPL Economics $BTC Analyst Color Robert Kiyosaki Top Stories Interest Rates Labor market Macro Economic Events Stories That Matter US88160R1014 Inflation Consumer Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-03 @ 20:15:52 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20865930

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