JOBS REPORT US economy adds just 12,000 jobs in October as hurricanes, strikes weigh S?o Paulo - Delayed Quote ? BRL Unipar Carbocloro S.A. (UNIP3.SA) Follow Compare 44.20 -0.22 (-0.50%) As of 11:10 AM GMT-3. Market Open. Related News Intel stock jumps on positive outlook despite Q3 losses Shares of Intel jumped Thursday after the company said it anticipates better-than-expected revenue for Q4. Yahoo Finance ? 21 minutes ago QCOM AMZN AMD Boeing, union reach tentative labor deal, workers to vote Monday Aircraft manufacturer Boeing (BA) has reached a tentative labor deal with striking factory workers. The International Association of Machinists and Aerospace Workers (IAM) union will vote on the latest contract this Monday, November 4, as the strike stretches into its seventh week today. The Morning Brief's Seana Smith and Brad Smith expand more on this story and the latest commentary out from major airline leadership. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 51 minutes ago BA BAAPV October jobs report, Amazon and Apple, Boeing deal: 3 Things US stock futures (ES=F, NQ=F, YM=F) are moving higher on the back of the October jobs report released this morning — 12,000 jobs were added to the US economy in the past month, the labor numbers heavily impacted by Hurricanes Helene and Milton. Economists originally projected an addition of 100,000 nonfarm payrolls. Tech giants Amazon (AMZN), Apple (AAPL), and Intel (INTC) all released their earnings results after Thursday's market close. Aircraft manufacturer Boeing (BA) has reportedly reached a tentative labor deal with striking workers. The labor union is set to vote on the proposal this Monday, November 4. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 1 hour ago AAPL YM=F INTC Intel CEO calls TSMC an 'awesome' company, says the company is still waiting for CHIPS Act money Intel CEO Pat Gelsinger weighs in on the company's relationship with TSMC, the status of CHIPS Act funding and the outlook for the business. Yahoo Finance ? 14 hours ago AVGO AMD MBLY Apple earnings underline Apple Intelligence is key: Analyst Apple (AAPL) reported the results for the third quarter, with revenue beating estimates as earnings per share (EPS) fell short. D.A. Davidson managing director Gil Luria joins Asking for a Trend Host Josh Lipton to discuss the results and why he’s bullish on the iPhone maker. “Apple hasn't really grown iPhone sales for the last three years. Expectations now are that it can actually grow at 5% to 10% for a variety of reasons, but really, the important one is Apple Intelligence,” Luria says. The analyst notes that the artificial intelligence (AI) features are key to Apple’s growth. He says “if they can't roll out these Apple Intelligence features in a timely way, if consumers don't have as positive experience as my early experience [with Apple Intelligence] has been, then it's going to be harder to compel people to upgrade even if there is an aging phone base.” Watch the video above for more on Luria's read on Apple’s third quarter results, including sales in the China region, what the company needs to do to ease investors’ worries, and more. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 16 hours ago AAPL Apple beats Q4 revenue estimates, earnings hit by EU decision iPhone maker Apple (AAPL) is out with its fiscal fourth quarter earnings, topping revenue estimates with a print of $94.9 billion (estimates were for $94.36 billion). The tech giant's diluted earnings per share (EPS) came out at $0.97 for the quarter; the company stated that the earnings figure would have amounted to $1.64 per share when discounting a one-time charge reversal to a European General Court decision, against expectations of $1.59 per share. Asking for a Trend hosts Josh Lipton and Alexandra Canal the net sales figures across key Apple categories, including its services, iPhone, and various device segments. Lipton references comments made by Apple CFO Luca Maestri to Yahoo Finance right before the earnings print was published, who noted consumer excitement around new device features and capabilities that drives upgrade cycles, which are still generally difficult to predict. Apple launched its Apple Intelligence AI features via a software update at the beginning of this week. Read up on Yahoo Finance's latest coverage on Apple's earnings report. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 17 hours ago AAPL Will the Big Tech sell-off continue? This strategist says yes. US stocks (^DJI,^GSPC, ^IXIC) are trading lower, with Big Tech leading the pullback after Meta (META) and Microsoft (MSFT) earnings fed into concerns about artificial intelligence (AI) spending. US SPDR Business at State Street Global Advisors chief investment strategist Michael Arone joins Market Domination Hosts Alexandra Canal and Josh Lipton to discuss his outlook for the Big Tech sector. “What's been happening is that these companies continue to beat on top and bottom line, yet their forecasts just aren't good enough given how far they've come from a price-performance perspective and where their valuations are,” Arone tells Yahoo Finance. The strategist adds, “I do expect this [Big Tech pullback] to continue to unfold, given some of the risks." For more on Arone’s expectations for Big Tech stocks and how to navigate the pullback, watch the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 18 hours ago MSFT ^GSPC NVDA October jobs report: US economy adds just 12,000 jobs as Boeing strike, hurricanes weigh on labor market The October jobs report is the last major economic release before the Federal Reserve makes its policy decision on Nov. 7. Yahoo Finance ? 20 hours ago SPY ^GSPC QQQ Meta, Microsoft stocks tumble as Big Tech's AI splurge prompts investor caution Meta and Microsoft stocks tumbled Thursday as investors weighed their hefty AI expenditures against the time it will take to generate a return on their investment. Yahoo Finance ? 21 hours ago NVDA META MSFT Weak Jobs Numbers Throw Harris an Election Curveball The U.S. added only 12,000 jobs in October. Conservatives were quick to cite the numbers as evidence that the current administration has hurt the economy. Barrons.com ? 6 minutes ago BAAPV Satellite Operator Globalstar Soars After Agreement With Apple Globalstar stock rose sharply Friday after the satellite company disclosed an expanded agreement with iPhone maker Apple that could see its revenue double next year. Globalstar will deliver expanded services to Apple over a new mobile satellite services network, including a new satellite constellation, expanded ground infrastructure, and increased global MSS licensing, the company said Friday. Apple will prepay for certain services to be delivered, it added, including an infrastructure?prepayment of up to $1.1 billion and an amount necessary for Globalstar to retire its outstanding 13% senior notes due 2029. Barrons.com ? 8 minutes ago GSAT Chevron Stock Rises as U.S. Production Surges. Here’s What Still Worries Analysts. The oil giant posted third-quarter adjusted earnings of $2.51 a share, topping analysts’ expectations of adjusted earnings of $2.43 a share. Barrons.com ? 15 minutes ago CVX XOM Intel Stock Jumps on Earnings. Why This J.P. Morgan Analyst Isn’t Convinced. The semiconductor maker beat Wall Street revenue estimates and issued better-than-expected guidance on Thursday. Barrons.com ? 16 minutes ago INTC Apple Sparks Concerns With Tepid Forecast, China Weakness (Bloomberg) -- Apple Inc., heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?The Answer To Making Cities More Family-Friendly? CourtyardsChicago Mayor Seeks Property Tax Hike, Breaking Campaign VowNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkIstanbul Tries Free Public Transit to Help Job SeekersFollow Bloomberg ? 20 minutes ago AAPL US manufacturing drops to 15-month low amid higher input prices: ISM U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in September. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. Reuters ? 21 minutes ago BAAPV US manufacturing drops to 15-month low in October U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in September. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. Reuters ? 21 minutes ago BAAPV Abbott Surges After Avoiding Another 'Eye-Popping' Verdict In Baby Formula Trial Abbott stock surged early Friday after a jury decided baby formula from Abbott and Mead Johnson are not responsible for a boy's disease. Investor's Business Daily ? 27 minutes ago ABT Atlassian Stock Surges After Earnings. There’s a Lot to Like About the Results. Atlassian stock soared Friday, the day after the productivity software company’s quarterly results tore past estimates. Shares gained 17% to $219.78 in early trading Friday, putting the stock on track for its largest daily percentage increase in more than a year, according to Dow Jones Market Data. Late Thursday, Atlassian —the developer of list-making tool Trello—reported adjusted earnings of 77 cents per share for its first fiscal quarter ended Sept. 30, beating Wall Street’s call for 64 cents, according to FactSet. Barrons.com ? 27 minutes ago TEAM The economy added just 12,000 jobs in October, the lowest in years thanks to temporary shocks U.S. job creation slumped in October as the economy faced hits from hurricanes and a massive work stoppage at Boeing (BA). Quartz ? 27 minutes ago BAAPV Amazon stock jumps as AI demand drives cloud unit returns Investing.com -- Amazon (NASDAQ:AMZN) reported third-quarter earnings that surpassed analyst estimates, driving its stock over 6% in early US trading Friday, as the group said it was beginning to clock gains from its artificial intelligence operations. Investing.com ? 32 minutes ago AMZN Performance Overview Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is IBOVESPA Return UNIP3.SA IBOVESPA YTD -30.54% -3.63% 1-Year -25.31% +14.29% 3-Year -14.05% +24.94%
