Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
U.S. stocks capped one of their strongest weeks in months as softer-than-expected labor market data and resilient corporate earnings fueled a broad rally across Wall Street. The S&P 500 closed at a fresh record high, while the Nasdaq Composite and Dow Jones Industrial Average posted their best weekly gains since April. Investors welcomed signs of a cooling jobs market, viewing them as reducing the likelihood of another near-term Federal Reserve rate hike while supporting hopes for a soft economic landing.
