U.S. stocks were set to open higher on Friday as Apple's upbeat results underscored resilience in corporate earnings, while a stronger-than-expected jobs report tempered expectations of interest rate cuts from the Federal Reserve. Apple Inc gained 2.7% in premarket trading on better-than-expected results, helped by strong iPhone sales and notable inroads in India and other newer markets. Investors appeared to take in stride data that showed U.S. employers boosted hiring in April while raising wages, pointing to sustained labor market strength that could prompt the Federal Reserve to keep interest rates higher for some time.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-05-06-story-h-271512751-Wall_Street_eyes_higher_open_as_investors_cheer_Apple_earnings

#i3investor