10 C
Washington

Jim Cramer’s top 10 things to watch in the stock market Friday

Date:

Share:

Apple’s iconic Fifth Avenue store is illuminated with iOS 18 colors as the new iPhone 16 series sale kicks off, in New York on Sept. 20, 2024.

Fatih Aktas | Anadolu | Getty Images

My top 10 things to watch Friday, Nov. 1

1. Wall Street is headed for a higher open Friday as the market looked past a weak jobs report. Still, the major averages are all lower for the week, with the heaviest losses for the tech-heavy Nasdaq Composite, which is down more than 2% through Thursday. The yield on the 10-year Treasury note is taking a breather from its recent climb, but still hovered above 4.2% on Friday.

2. The U.S. economy added just 12,000 jobs in October, well below the Dow Jones estimate of 100,000. The report seems to confirm expectations that this would be a noisy print due to the ongoing Boeing strike and the hurricanes that caused damage across Southeastern states. The unemployment rate was unchanged at 4.1%, matching expectations.

3. Amazon posted a solid beat and raise Thursday after the bell. Europe inflecting, costs going lower, headcount down for two years, promotions working, artificial intelligence hitting, soon Alexa who will be a real understanding pal. Huge amount of advertising. Cloud unit AWS hitting on all cylinders. Prime Days are real hits, goal is to fight inflation. On top of all that, the fourth-quarter forecast was exactly what was needed to keep investors happy. Shares rose more than 7% in after-hours trading.

Source link

Subscribe to our magazine

━ more like this

Norovirus sickens over 200 cruise ship passengers on month-long voyage

More than 200 cruise ship passengers were infected with norovirus on a transatlantic voyage that is currently still at sea.The illnesses occurred on...

What is carbon monoxide poisoning- the gas that killed Brett Gardner's 14-year-old son: How to stay safe – The Times of India

As per officials, Miller Gardner, a 14-year-old son of former New York Yankees outfielder Brett Gardner, died because of carbon monoxide poisoning....

What Is the Best Time to Have Probiotics for Maximum Benefits

Gut health plays a crucial role in overall well-being. It supports digestion, strengthens immunity, and ensures proper nutrient absorption. However, many people neglect their...

Vaccine stocks fall after key FDA official resigns in protest of RFK Jr.

Rafael Henrique | Lightrocket | Getty ImagesShares of major vaccine makers dropped on Monday after a key U.S. health official resigned in protest of...