Apple jumped 5.8%, outpacing other megacap stocks in premarket trading after the iPhone maker unveiled a record $110 billion share buyback program and beat...
- U.S. stock index futures gained on Friday, lifted by upbeat corporate updates from Apple and Amgen , while traders braced for a key jobs report for a clearer outlook on the labor market and the interest rate path.
Sentiment also remained upbeat as investors weighed the U.S. Federal Reserve's more dovish-than-expected interest rate guidance in its latest policy meeting, causing U.S. stocks to rally on Thursday.However, losses on the back of stronger economic data such as labor costs and some dour earnings from chipmakers in the week have set all the three main stock indexes up for weekly losses.
"Fed Chair Jerome Powell probably achieved what he set out to do, which is to beat the hawkish and dovish drums simultaneously," Raffi Boyadjian, lead investment analyst at forex broker XM, said. Block rose 7.1% after the Jack Dorsey-led payments fintech firm lifted its full-year adjusted core earnings forecast and revealed plans to add more bitcoins to its balance sheet.
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