Squawk on the Street
April Jobs Report and Apple Combine to Spark Market Rally 5/3/24
May 3, 2024
Financial journalists Carl Quintanilla, Jim Cramer, and David Faber discuss the stock market rally fueled by the April jobs report and Apple's strong earnings. Topics include Fed rate cut hopes, Apple's $110 billion share buyback, Paramount deal saga, Amgen's performance, and tech industry implications. Cramer also reacts to the New York Knicks' NBA Playoffs win.
42:25
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Quick takeaways
- Investor optimism grows for Fed rate cut post-lower than expected job creation in April.
- Apple's strong Q2 earnings and $110 billion buyback overshadow revenue decline, impacting big tech market.
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