Stocks ripped higher Friday on the back of an upbeat jobs report, capping a tumultuous week that saw regional bank stocks buckle even after JPMorgan Chase swooped in to buy failing First Republic Bank and the Federal Reserve chairman said the banking system was sound.
Risk appetite returned after Apple, the largest U.S. company by market value, reported first-quarter results that exceeded analyst expectations after the closing bell Thursday. Apple shares rallied 4.7%, helping to snap the S&P 500’s four-day losing streak.
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Already a subscriber? Sign In
Sponsored Offers
- TurboTax:
Save up to $15 with TurboTax coupon May 2023 - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - H&R Block Tax:
15% Off DIY Online Tax Filing Services | H&R Block Coupon Code - Top Resume:
10% TopResume Discount Code for expert resume-writing services - eBay:
30% off eBay coupon - Groupon:
Exclusive Groupon Promo Code - 30% Off Local Experiences
