Top Stock Movers Now: Apple, Amgen, Fortinet, and More
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1231627972-41a047cca5eb48c1916761e51242024d.jpg)
Christof Stache / AFP / Getty Images' title='An Apple logo outside one of the iPhone maker's stores.'>
Christof Stache / AFP / Getty Images
Key TakeawaysU.S. equities were higher at midday Friday, May 3, 2024 after the Labor Department reported fewer-than-anticipated jobs were created in April, raising hopes the Fed will cut interest rates.Apple helped boost the tech sector as the iPhone maker posted better-than-expected results, raised its dividend, and announced a record-setting stock buyback.Expedia Group and Ingersoll Rand cut their guidance, and shares of both companies tumbled.
U.S. equities jumped at midday as a report showing weaker-than-expected job creation in April boosted optimism the Federal Reserve may cut interest rates. The Dow and S&P 500 advanced more than 1%, while the Nasdaq rose over 2%. The yield on the 10-year Treasury note fell.Apple (AAPL) shares gained after the iPhone maker beat profit and sales estimates, announced the biggest stock buyback in U.S. history, and raised its dividend.Amgen (AMGN) was the best-performing stock in the S&P 500 after CEO Robert Bradway gave an "encouraging" update on the biotech’s experimental obesity treatment.Shares of Live Nation Entertainment (LYV) soared as the Ticketmaster owner beat sales forecasts on booming demand and higher prices for concert tickets.Fortinet (FTNT) shares slumped after the cybersecurity firm reported a drop in billings and product revenue.Shares of Expedia Group (EXPE) tumbled as the online travel site lowered its guidance on weak performance from its vacation rental platform Vrbo and its business-to-consumer segment.Ingersoll Rand (IR) also slashed its outlook as first-quarter orders declined, and shares sank.Oil and gold futures lost ground. The U.S. dollar slipped against the euro, pound, and yen. Prices for most major cryptocurrencies were up.
TradingView
Correction—May 3, 2024: This article has been updated to correct its date. Read the original article on Investopedia.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings