US stocks: Dow has best day since January 6 after Apple rally, jobs data

The US stock market surged with the largest one-day percentage gain since January 6 as Apple's shares rose more than 4% after its quarterly reports and an optimistic US job report prompted investors that the labour market was resilient. Big banks shares reportedly bounced back from declines following the collapse of First Republic Bank, with analysts upgrading the oversold lenders.



May 06, 2023 at 07:29AM