My top 10 things to watch Friday, June 7 Bond yields jumped on the data, which put pressure on equities. Wall Street had been looking to this release all week for clues on when the Federal Reserve may cut interest rates. The market reaction suggests the case for cuts got weaker. Nonfarm payrolls grew by 272,000 in May, well ahead of the Dow Jones estimate of 190,000 and an acceleration from 165,000 jobs added in April. The unemployment rate ticked up to 4% in the month.
Billions upon billions of dollars hang in the balance as Apple prepares to tell the world next week how AI will be integrated into the iPhone.price target to $650 per share from $680 but kept its buy rating. Sentiment is overly negative. Stifel went to $600 from $625 but also maintained a buy. The Stifel analysts were concerned about competition from Canva and Figma.got lots of analysts' price target boosts above where the stock is trading. Citi went to $139 from $137.
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