The stock market opens Friday

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watch now Here are the most important news items that investors need to start their trading day: 1.
Waiting for data Stock futures soared as investors are hoping a softer-than-expected jobs report might allow the Federal Reserve to start cutting interest rates.
S&P 500 futures advanced 1.1%, while Nasdaq 100 futures gained about 1.6%.
Hiring on the horizon Allison Joyce | Bloomberg | Getty Images The U.S. economy added fewer jobs than expected in April.
Apple buys back Andrew Caballero-Reynolds | AFP | Getty Images Apple announced its largest share buyback on Thursday, the most ever for a public company.
The tech giant said its board authorized $110 billion in share repurchases, a 22% increase over last year’s $90 billion authorization.
Dark side Just_super | E+ | Getty Images There’s a dark underbelly of the generative AI gold rush.
— CNBC’s Samantha Subin, Jeff Cox, Kif Leswing, Julia Boorstin, Alex Sherman, Lillian Rizzo and Hayden Field contributed to this report.

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The following are the top news stories that traders should be aware of before the day begins.

1. Holding out for data.

Investors are hoping that a softer-than-expected jobs report will enable the Federal Reserve to begin reducing interest rates, which is why stock futures have surged. Futures linked to the Dow Jones Industrial Average saw an increase of more than 509 points, or 1.3 percent. Futures on the SandP 500 increased by 1.1 percent, while those on the Nasdaq 100 increased by roughly 1.6 percent. Following the report, rates declined as well, and the 10-year yield dropped below 4.5 percent. Monitor real-time market updates.

2. Future hiring is planned.

Allison Joyce via Bloomberg via Getty Images.

The USA. S. April’s job growth in the economy was less than predicted. U. s. The month’s total job growth was 175,000, a significant decrease from the Dow Jones consensus estimate of 240,000 jobs. Expectations were that the unemployment rate would remain at 3 point 8 percent, but it increased slightly to reach 3 point 9 percent. In the meantime, average hourly pay rose by 3.9% from a year ago and by 0.2% from the previous month. Importantly, both metrics show positive signs for inflation and are below consensus estimates.

3. Apple reimburses.

AFP | Getty Images | Andrew Caballero-Reynolds.

Apple on Thursday announced the largest share repurchase it has ever made as a publicly traded company. The tech giant announced that its board has approved $110 billion in share repurchases, a 22 percent increase over the $90 billion approved last year. The statement was released concurrently with Apple’s second-quarter earnings report, which exceeded estimates despite a 4% decline in total revenue. Tim Cook, the CEO of Apple, said to Steve Kovach of CNBC that the company’s year-over-year sales were negatively impacted by a challenging comparison to the same time last year. Apple also revealed that sales of iPhones had decreased by 10%, indicating a decline in interest in the company’s most recent phone model.

4. Paramount Courtship.

Reuters/Mario Anzuoni.

The story of Paramount’s future doesn’t end here. In a formal letter to the Paramount board, Sony Pictures and private equity firm Apollo Global Management expressed their interest in completing a $26 billion takeover of the business. This offer is being made while Skydance Media waits to hear from Paramount’s special committee regarding whether or not it will suggest Skydance Media’s acquisition bid to controlling shareholder Shari Redstone. Talks between Skydance and Paramount are exclusive until this Friday, but they may continue beyond that date. The board’s decision to approach Apollo and Sony instead of accepting the Skydance offer has excited some investors because it would result in a higher price for all common shareholders’ shares.

5. the negative side.

Just Super | E+ | Getty Photos.

The generative AI gold rush has a murky side. Big tech employees at companies like Amazon, Google, Apple, and Microsoft claim they are under pressure to complete tasks faster as they pursue competitors. A number of artificial intelligence engineers, speaking anonymously to CNBC’s Hayden Field out of concern for retaliation, said they are burning out because their jobs have become defined by the pressure to keep up. Employees expressed concern that businesses don’t seem to care about how technology affects real-world issues like surveillance, climate change, and other issues.

— This story was supported by contributions from Samantha Subin, Jeff Cox, Kif Leswing, Julia Boorstin, Alex Sherman, Lillian Rizzo, and Hayden Field of CNBC.

— Use CNBC Pro to expertly monitor overall market activity.

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