Apple announces $110 billion share buyback, Fed keeps rates stable, market stabilizes

From Nasdaq: 2024-05-05 16:32:38

Apple announced a $110 billion share buyback, boosting stock prices despite weak iPhone and Mac sales. The Fed kept rates stable, hinting at possible cuts later this year. Market stability returned, with Friday’s close near weekly highs.

Earnings to watch: Disney’s theme park attendance may signal economic health, Shopify’s online retail performance could reveal further softening. Oil/gas companies reporting will impact energy prices and consumer spending.

Watch the YEN for market pressure indicators on US equities and Treasuries. FOMC speeches on rates may spark market volatility. Keep an eye on bond auctions for clues on investor concerns and impact on equities market.



Read more at Nasdaq: Earnings, the Yen and Other Key Things to Watch This Week