Things a looking well for the three Wall Street indices this morning. Investors welcome good news for the economy (good results from Apple and Amgen), and bad news for the economy (but good for rate cuts - the weaker-than-expected jobs report).

Jerome Powell managed to reassure investors yesterday. He did acknowledge a lack of progress lately in the Fed’s efforts to tame inflation, but reiterated that interest rates are still likely to be lowered this year.