Why Apple, Kraft Heinz, and California Resources Jumped Today

Friday was a strong day on Wall Street, as major benchmarks finished higher by 1% to 2%. Market participants focused their attention on the April jobs report, which included a drop in the unemployment rate to 3.9%, its lowest level in more than 17 years. Nonfarm payroll gains of 164,000 weren't extremely strong, and some saw wage growth of just 2.

6% as bad news for workers. Yet from many investors' perspective, weak wage growth is actually a positive, as it indicates a lack of inflationary pressure that's good for most stocks. Good news regarding several key individual companies also helped stoke favorable sentiment. Apple (NASDAQ: AAPL), Kraft Heinz (NASDAQ: KHC), and California Resources (NYSE: CRC)were among the best performers on the day. Here's why they did so well.