Apple Hit With Two Downgrades as Tariff and Growth Worries Grow

Published on May 2, 2025

Apple Inc. received at least two downgrades on Friday, following quarterly results that reinforced concerns over tariffs and its growth potential.

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Employment Report: 177K Jobs Added in April, More Than Expected

May 2, 2025
The latest employment report showed that 177,000 jobs were added in April, down from 185,000 in March but higher than the expected 138,000 addition. Meanwhile, the unemployment rate remained at 4.2%, as expected.

Vehicle Sales: April 2025

May 2, 2025
The moving average for the per-capita light vehicle sales series peaked in August 1978. Almost 50 years later, it is down 35.2% from that peak.