The latest U.S. jobs report is set to be the main course for markets on Friday. But in the meantime, investors are picking through Apple earnings that showed a recovery in iPhone sales, all while digesting yet another tumultuous day for regional banks.
Apple reported Thursday fiscal first-quarter results that topped estimates, driven by stronger-than-expected iPhone sales. The tech giant also boosted its dividend and announced a $90 billion share buyback program.
U.S. employers likely hired the fewest workers in nearly 2-1/2 years in April as the cumulative and delayed effects of higher interest rates start to impact a broad swath of the economy.
A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets.
Yevgeny Prigozhin, leader of Russia's Wagner Group mercenary force, said in a sudden and dramatic announcement on Friday that his forces would pull out of the Ukrainian city of Bakhmut that they have been trying in vain to capture since last summer.
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