From Nasdaq: 2024-05-03 07:10:41

June Nasdaq 100 E-Mini futures are up +0.56% as Apple’s record share buyback boosts market morale. Apple rises over +5% after posting strong Q2 results and raising dividends. Howmet Aerospace and Moderna see strong gains. Qualcomm also rises after positive results, while Etsy and DoorDash struggle. U.S. economic data remains mixed, with jobless claims holding steady and factory orders rising. Bond market shows increased expectations of rate cuts. Euro Stoxx 50 futures up +0.45% on positive corporate earnings. French industrial output falls, Eurozone unemployment unchanged. Notable earnings reports today include Hershey, Cheniere Energy, and Magna International. All eyes on U.S. Nonfarm Payrolls data later today, with economists forecasting 238K new jobs. Eurozone awaits U.S. data and ECB comments. French banks SocGen and Credit Agricole see gains after Q1 results. Japan and China markets closed for holidays. Pre-market movers include Apple, Square, Amgen, Booking Holdings, Joby Aviation, and Cloudflare. Friday’s U.S. earnings spotlight includes CRH, Hershey, TC Energy, Cheniere Energy, and more. Market news and updates from Barchart.



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