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Apr 05 | Daily Finance News

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U.S. STOCK PICKS

  • Stocks rebounded Friday morning following the index’s worst session in over a year as traders assessed the March jobs report.
  • Job growth totaled 303,000 in March, which was better than expected, while the unemployment rate came in at 3.8% for the month, as expected. Nonfarm payrolls were expected to increase by 200,000, according to Dow Jones estimates. Wages rose 0.3% for the month and 4.1% from a year ago, both in line with estimates.
  • “Near term, equities are likely subject to some consolidation following robust first-quarter returns,” said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. “A modest pullback would be within the normal ebb and flow of an upward-trending market.”
  • McDonald’s will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout.
  • Johnson & Johnson boosts heart device business with $12.5 billion Shockwave Medical deal.
  • Teladoc CEO departs the company after stock’s 95% fall from 2021 highs.

CANADA MARKET

  • Gas prices: Drone strike, OPEC+ amplify pre-summer spike at Canadian pumps.
  • Canada’s unemployment rate jumps to 6.1% in March as job growth comes to a halt.
  • Ontario pension fund preaches patience in private equity's long winter.

Apr 05 | Daily Finance News

U.S. STOCK PICKS

Closing: 4:00 PM EST

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.

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