The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window)
* U.S. job additions rise solidly above estimates
* All major S&P sectors trading higher
* Amazon.com up as Berkshire Hathaway buys shares
* Activision Blizzard falls on weak Q2 profit forecast
* Indexes up: Dow 0.49%, S&P 0.49%, Nasdaq 0.63% (Updates to open)
May 3 (Reuters) - Wall Street's main indexes gained on Friday, as a surge in job additions in April pointed to a solid domestic economy, while a steady rise in wages backed the Federal Reserve's patient view on interest rate hikes.
The Labor Department's monthly employment report showed jobs increased by 263,000 last month, while economists polled by Reuters had forecast a 185,000 rise. The unemployment rate dropped to a more than 49-year low of 3.6%.
However, average hourly earnings rose 0.2% in April after rising by the same margin in March and below the anticipated 0.3% rise.
"The volatility in equities is somewhat reasonable given the headline numbers were pretty surprising and very positive in this environment," said Charlie Ripley, senior market strategist at Allianz Investment Management in Minneapolis.
"It really reiterates Powell's message on Wednesday, that the economy is in really good shape and inflation is low and that there isn't any need to make changes to policy right now."
U.S. stocks eased from their record highs in the past two sessions after the Fed dashed hopes of interest rate cuts this year and oil prices fell.
Fed Chairman Jerome Powell's comments on weak inflation as mostly "transient" on Wednesday drove down trader bets of a rate cut this year.
At 9:45 a.m. ET the Dow Jones Industrial Average was up 128.14 points, or 0.49%, at 26,435.93. The S&P 500 was up 14.31 points, or 0.49%, at 2,931.83 and the Nasdaq Composite was up 51.01 points, or 0.63%, at 8,087.79.
Nearly 400 S&P 500 companies have reported so far and three-quarters have topped profit estimates, according to Refinitiv data. The better-than-expected results have turned around earnings estimate for the first quarter to an almost 1% rise from a 2% decline at the start of April.
All the 11 major S&P 500 sectors were higher, with a 0.82% rise in consumer discretionary stocks powering the gains.
Amazon.com Inc rose 2%, after CNBC reported Warren Buffett's Berkshire Hathaway Inc has bought shares of internet retailing giant for the first time, though he has not been the one doing the buying.
Newell Brand Inc shares jumped 8.2% after the consumer goods maker exceeded Wall Street expectations for quarterly adjusted profit as it benefited from cost savings and higher pricing.
Cisco Systems Inc dipped 0.3%, after fellow network gear-maker Arista Networks Inc forecast weak current-quarter revenue. Shares of Arista plunged 15.1%, the most among S&P 500 companies.
Activision Blizzard Inc fell 4.8% after the videogame maker forecast current-quarter profit below expectations as it puts more money into its franchises to battle competition.
Shares of Electronic Arts Inc also declined 3.5% after brokerage MKM Partners downgraded the company's stock to "neutral" from "buy."
Advancing issues outnumbered decliners by a 4.50-to-1 ratio on the NYSE and by a 2.60-to-1 ratio on the Nasdaq.
The S&P index recorded 16 new 52-week highs and no new low, while the Nasdaq recorded 38 new highs and 10 new lows. (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)