Soft jobs report lifts U.S. markets, TSX flat

A weaker-than-expected April jobs report triggered a Friday rally and lifted U.S. indices into the positive for the week. The S&P rose 1.26% for the session, the Nasdaq about 2% and the Dow 1.18%. For the week, the Nasdaq advanced the furthest by 1.43% and the S&P the weakest at 0.55%. Earnings dominated the key movers.

Apple announced a surprise beat and the largest share buyback in American history which propelled its shares 5.98% higher. Amgen soared 11.82% and First Solar 6.12%, though Expedia closed -15.25% and Paramount Global -7%. The U.S. 10-year-yield slipped to 4.5% while Bitcoin rebounded 5.7% to US$62,400.

The TSX advanced 0.59% Friday but was flat for the week. TD was hit by another U.S. Department of Justice suit just after it settled its previous one. Shares reeled 5.84%. In contrast, Royal Bank rose 1.94%. Elsewhere. First Quantum Minerals closed 10.7%, Stella-Jones -9.39% and Open Text -14.75%. Gold was flat at US $2,300 while WTI declined 1% to $78.10.

🍎 Apple Inc (AAPL-Q) +5.98%

🧫 Amgen Inc. (AMGN-Q) +11.82%

⛏ First Solar Inc. (FSLR-Q) +6.12%

✈ Expedia (EXPE-Q) -15.25%

🎞 Paramount Global (PARA-Q) -7%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +5.7%

🏛 Toronto Dominion (TD-T) -5.84%

🏛 Royal Bank (RY-T) +1.94%

⛏ First Quantum Minerals (FM-T) +10.7%

🌲 Stella-Jones Inc. (SJ-T) -9.39%

💻 Open Text (OTEX-T) -14.75%