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Stocks Climb on Solid Jobs Data; Bond Yields Drop: Markets Wrap

(Bloomberg) -- A rally in companies that stand to benefit the most from an economic recovery drove the stock market higher on Friday after a better-than-estimated jobs report. Treasury 10-year yields sank below 1.5% for the first time in a month. All major equity benchmarks traded at records, with the S&P 500 set for its fifth consecutive weekly rally -- the longest winning streak since August 2020. Industrial and commodity shares outpaced technology firms, though the Nasdaq 100 still rose a 10t...
New York United States United Kingdom Peter Essele Jerome Powell David Donabedian

Stocks Climb on Solid Jobs Data; Bond Yields Slump: Markets Wrap

(Bloomberg) -- A rally in companies that stand to benefit the most from an economic rebound drove stocks higher after solid jobs data and encouraging results from Pfizer Inc.’s Covid-19 pill study. Treasury 10-year yields sank below 1.5%. All major equity benchmarks climbed to records, with the S&P 500 posting its fifth consecutive weekly rally -- the longest since August 2020. Industrial and commodity shares outpaced technology firms, though the Nasdaq 100 still rose for a 10th straight day. ...
New York United States United Kingdom Peter Essele Matt Peron Jeff Buchbinder

Stocks Rise After Jobs Report; Bond Yields Drop: Markets Wrap

(Bloomberg) -- A rally in companies that stand to benefit the most from an economic recovery drove the stock market higher on Friday after a better-than-estimated jobs report. Treasury 10-year yields sank below 1.5% for the first time in a month. All major equity benchmarks traded at records, with the S&P 500 set for its fifth consecutive weekly rally -- the longest winning streak since August 2020. Industrial and commodity shares outpaced technology firms. The Nasdaq 100 was still up for a 10th...
New York United States United Kingdom Peter Essele Jerome Powell Santa Claus

The Day - Delta variant poses major risk to Biden's promises of swift economic comeback

Business Support Local News. Weve been with you throughout the pandemic, the vaccinations and the reopening of schools, businesses and communities. Theres never been more of a need for the kind of local, independent and unbiased journalism that The Day produces. Please support our work by subscribing today. Delta variant poses major risk to Bidens promises of swift economic comeback President Biden discusses the economic recovery at the White House on July 19. (Demetrius Freeman/The Wa...
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Source: theday.com

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