Todays Top Business News

  • Apple stock falls 1.3% due to weak sales forecast for the holiday quarter
  • Block stock surges on an annual forecast raise
  • U.S. job growth in October is weaker than expected, causing bond yields to fall and boosting hopes that the Federal Reserve will stop raising interest rates
  • Wall Street indexes rise, with the Dow up 0.8%, S&P up 1.10%, and Nasdaq up 1.44%
  • Solid earnings reports and expanding profit margins are helping stocks
  • Russell 2000 index of small cap companies on track for biggest weekly gain since February 2021
  • Megacap stocks such as Nvidia, Alphabet, and Microsoft are gaining
  • S&P 500 companies expected to have 5.7% earnings growth in the third quarter, with 81% beating estimates
  • CBOE volatility index at a six-week low, reflecting easing investor anxiety
  • Fortinet drops 16.5% on a downbeat fourth-quarter revenue forecast