![]() Under Armour (UAA) shares dropped more than 15% in Friday's premarket, shortly after the sneaker and apparel maker issued a disappointing outlook for fiscal 2023. (Reuters) * China’s Xi urges officials to ‘resolutely fight’ those who question zero-Covid (CNBC) The FDA said Thursday the J&J shot can be administered in cases where Pfizer or Moderna Covid vaccines are not accessible or if an individual doesn't want to get the other shots. The J&J's vaccine is one of the three cleared for use in the United States. ![]() The FDA has decided to limit the use of Johnson & Johnson 's Covid vaccine for adults due to the risk of a rare blood clotting syndrome. Average hourly earnings in April rose a slightly less-than-expected 0.3% month over month and matched estimates with a 5.5% year over year gain. The unemployment rate last month held steady at 3.6%. The Labor Department on Friday morning reported a better-than-expected 428,000 nonfarm jobs were added to the U.S. (CNBC) * Tech companies racked up over $17 billion in losses on equity investments in the first quarter (CNBC) The S&P 500 fell nearly 3.6% for its second worst day of the year. Both of those declines broke three-day winning streaks and were the worst single-day drops since 2020. The tech-heavy Nasdaq fell nearly 5% to its lowest closing level since November 2020. (CNBC) * Leon Cooperman sees stocks heading lower still, remains a seller `on strength' (CNBC Pro) The Dow lost 1,063 points, or 3.1%, on concerns the Fed's tightening cycle to slow the economy won't get inflation under control. Rising bond yields Thursday sparked a stock market plunge that wiped out the prior day's strong Federal Reserve relief rally and then some. The 10-year Treasury yield moved higher Friday, above Thursday's trip above 3.1%, a high back to November 2018. stock futures turned positive and then negative again Friday after of the government's strong April jobs report. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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