New York, New York – The stock market saw a positive upturn, led by major technology companies ahead of Apple Inc.’s earnings report. Traders on Wall Street are eagerly awaiting the release of Friday’s key jobs report, hoping for insights into the economic landscape. The surge in equities halted a recent two-day drop, with Nvidia Corp. boosting gains in the chipmaker sector and Apple seeing a 1.5% increase in value.

Investors are anticipating potential announcements from Apple regarding a buyback, following similar actions taken by other tech giants like Alphabet Inc. and Meta Platforms Inc. Any advancements related to artificial intelligence features could spark further enthusiasm for a stock that has faced a double-digit decline this year.

Leading up to the release of the monthly employment report, data revealed a significant increase in US labor costs, coupled with a slowdown in productivity gains. This development raises concerns about inflation remaining at heightened levels. Economists predict a 240,000 gain in nonfarm payrolls, a slower pace compared to past months.

On Wednesday, the Federal Reserve decided to maintain the benchmark rate within the 5.25% to 5.5% range following data indicating persistent price pressures. Federal Reserve Chairman Jerome Powell hinted that a rate hike is unlikely, but emphasized the Fed’s willingness to keep rates elevated if necessary. Market experts are closely monitoring any signs that suggest the economy may be heating up more than expected in the first quarter.

Key stock indexes like the S&P 500 and the Nasdaq 100 saw positive movements, with Qualcomm Inc. experiencing notable gains on a positive forecast. However, EBay Inc. faced a setback due to a disappointing outlook. Treasury 10-year yields declined, while the dollar also retreated amid market fluctuations.

The options market indicates expectations of significant stock movements post the US jobs report, shedding light on potential Federal Reserve actions regarding interest rates. Traders are bracing for a potential 1.2% swing in the S&P 500 Index following the report release, reflecting the market’s anticipation for substantial shifts.

In corporate news, several major companies reported updates on their financial performance, with various sectors experiencing both gains and losses. Amidst economic uncertainties, key events this week include reports on Eurozone and US unemployment, nonfarm payrolls, and an address by Chicago Fed President Austan Goolsbee.

In the broader market landscape, stocks saw mixed movements, with certain indices like the S&P 500 and Nasdaq 100 recording gains while others like the Stoxx Europe 600 faced minor declines. Currencies and commodities also experienced fluctuations, with cryptocurrencies like Bitcoin and Ether seeing some upward momentum. Overall, the market remains dynamic, responding to a range of economic indicators and corporate developments.