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Jim Cramer's Top 10 Things to Watch in the Stock Market on Friday

Jim Cramer's Top 10 Things to Watch in the Stock Market on Friday

4 minutes, 53 seconds Read

Apple's iconic Fifth Avenue store will be ablaze with iOS 18 colors as the new iPhone 16 series begins selling in New York on September 20, 2024.

Fatih Aktas | Anadolu | Getty Images

My top 10 things to see on Friday November 1st

1. Wall Street is headed for a higher open on Friday as the market looks past a weak jobs report. Still, the major averages are all lower this week, with the most tech-heavy companies posting the biggest losses Nasdaq Compositewhich was down more than 2% through Thursday. The 10-year Treasury yield is taking a breather from its recent rise, but was still above 4.2% on Friday.

2. The U.S. economy added just 12,000 jobs in October, well below the Dow Jones estimate of 100,000. The report appears to confirm expectations that there would be a loud squeeze due to the ongoing Boeing attack and hurricanes that caused damage in the southeastern states. The unemployment rate remained unchanged at 4.1% and was in line with expectations.

3. Amazon posted a solid beat and rise after trading closed on Thursday. Europe is changing, costs are falling, the number of employees is falling for two years, promotions are working, artificial intelligence is on the rise, soon Alexa will be a truly understanding friend. Huge amount of advertising. The AWS cloud unit is running at full speed. Prime Days are real hits, the aim is to combat inflation. Additionally, the fourth quarter guidance was exactly what was needed to keep investors happy. Shares rose more than 7% in after-hours trading.

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