Market Midday: Stocks Higher, Jobless Claims Soar, GM To Hold Prices Steady Amid Tariffs For Now 5/1/25
CNBC Business News Update
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Positive Market Gains Amid Concerns Over Jobless Claims and Consumer Spending
This chapter explores the strong start to May trading, fueled by impressive quarterly results from major companies like Microsoft and Meta. It also highlights concerns about the labor market due to rising jobless claims and discusses the challenges faced by McDonald's, General Motors, and the international travel sector.
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