Wall Street's main indexes gained on Friday as Apple's upbeat results underscored resilience in corporate earnings, while a stronger-than-expected jobs report eased fears of an imminent economic downturn.
showing U.S. employers boosted hiring in April while raising wages, pointing to sustained labor market strength that could prompt the Federal Reserve to keep interest rates higher for some time.
Wages increased 4.4% year-on-year in April after climbing 4.3% in March, while the unemployment rate fell to 3.4%. "It's been a tough week for the stock market, the regional banking problems have raised the fear factor, but Apple earnings came in strong. Stocks are coming up from near-term oversold condition."
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