MARKET DAILY

Mid-session market 05/05: Macro optimism drives strong market bounce

Apple ER, employment data and temporary solutions for debt ceiling crisis

Total revenue slightly down 3% YoY to $94.8 billion, still $2.0 billion above estimates

Service revenue up +5% YoY to $73.9 billion

Product revenue down -5% YoY to $20.9 billion

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