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Nasdaq Soars Ahead Of Jobs Report; Qualcomm, ResMed, FTI In Focus
Season 1 · Episode 1

Nasdaq Soars Ahead Of Jobs Report; Qualcomm, ResMed, FTI In Focus

Preliminary data showed lower volume on the Nasdaq

Stock Market Today With IBD

May 2, 202414m 49s

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Show Notes

Winners beat losers on the Nasdaq by more than 2-to-1. The ratio was around 4-to-1 positive on the NYSE. The 10-year Treasury yield popped early but reversed slightly lower ahead of Friday’s jobs report, which is expected to show nonfarm payrolls up 243,000. Qualcomm soared after reporting earnings and giving bullish revenue guidance, while ResMed and TechnipFMC continue to show strength.

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