Stocks post 2nd straight weekly gain as strong jobs data, trade deal hopes boost sentiment

  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Stocks posted their 2nd consecutive weekly gain today as a strong jobs report boosted investor sentiment. The S&P 500 was up 2% for the week, for its longest winning streak since October 2017.

Stocks posted their second consecutive weekly rise on Friday as investor sentiment was boosted by better-than-expected jobs data and progress on the U.S.-China trade front.

"It's such a comfortable place to be in as an investor," said Jason Thomas, chief economist at AssetMark."The unemployment rate is low, so that's going to keep consumer confidence high, but it's not so low that wages are growing quickly. From the shareholder's perspective, margins are expected to remain high."

"This number is right in the middle. It is not one of those huge beats and it's not disappointing," said Lindsay Bernum, head of macro at Smith Capital."It really aligns with our view that the foundation of the U.S. is intact. We are not growing at the same pace as last year, but we're not out of the game."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This gains are a joke lol....you guys are not aware of cryptocurrencies follow up xrp

But the big Trump crash was just around the corner? You guys promised a big Trump crash every day for the last 2 years...

SaraEisen BillGriffeth TheExchange SPX $SPX October 2017 ! Reminds Me Of March 2017 zerohedge RampCapitalLLC carlquintanilla

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks stall after Trump's tariffs block US-China trade deal progressThe first three days of the week saw strong gains for stocks around the world, but sentiment was more muted Thursday. こんばんは✨
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks open mixed as spotlight stays on U.S.-China trade talksU.S. stocks struggled for direction on Thursday as traders eyed trade developments as a Chinese delegation holds talks with U.S. negotiators in Washington....
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks drift higher as U.S.-China trade talks intensifyStocks struggle, as investors keep watch on U.S.-China trade talks and await Friday’s jobs report. ...would love to take a ride on one of those across the Ocean... ...would be interesting to see how they keep it balanced, straight, and not tipping over...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks in Asia set to gain amid US-China trade hopesShares in Asia were set to see gains on Thursday as investors watched out for developments amid ongoing negotiations on the U.S.-China trade front. Hasn't there been trade hope for monthss now...but will investors care about a trade deal or earnings more? 'amid US-China trade hopes' --- this phrase has been recycled in CNBC, Bloomberg, Reuters and WSJ headlines for months now. Financial media needs to change.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks seen mixed amid US-China trade talksEuropean stocks are set to open mixed Thursday as traders monitor ongoing U.S.-China trade talks. America is better than ever.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks set to rise | Caterpillar shares fall | US-China reportedly near trade dealOptimism over the resumption of China trade talks is helping kick start stock futures this morning. US equity markets have been rigged by the FOMC. The Fed, in December 2018, began purchasing equity index futures to stave off the drop they created. The rise since 12/24, is nothing more than hot air. The FOMC will be sued in the coming weeks for racketeering. With all the Fantastic Computer Specialists and Technology Buffs why can’t Apple ever announce that they are 12 months away from 5 G Huawei Samsung and even Erickson are almost there 6-12 months for Huawei no wonder the USA doesn’t want any Allies to take up COME ON APPLE
Source: CNBC - 🏆 12. / 72 Read more »

Stocks open higher on U.S.-China trade hopesU.S. stocks climbed at the opening bell on Wednesday, following reports that Washington and Beijing were approaching a final trade deal. The S&P 500 was... Tous les dossiers ont été réglé.. Il reste juste quelques ajustements relatifs sur le cadre mis en place sur les mécanismes de contrôle et de règlement de différend commercial... UN ACCORD EQUITABLE ET JUSTE.. pour les biens du Trade mondial. US & JAPAN signe également un autre accord commercial et équitable d'une importance immense et strategic pour l'économie mondiale.. On parle de 5% de croissance économique pour 2020 grâce à ces accords commerciaux.. Nice!
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks rise on report that U.S.-China trade deal ‘90%’ doneStock benchmarks on Wednesday trade in positive territory, but the Dow was off its intraday highs, as investors react to upbeat comments on U.S.-China trade... One has to be impressed with how the market is being taken over with hype as the S&P creates a potential head and shoulders top, left Shoulder January 2018, Head Sept 2018, right Shoulder April 2019. Here are the underlying issues in our analysis. Next week - trade deal is 91% done. Following week- trade deal is 92% done. Etc...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks set to rise on hopes the US and China are close to a trade dealU.S. stock futures climbed Wednesday on optimism over U.S.-China trade talks. But the orange man bad!!! Orange man evil!!! No way So on 3 March 2019 stocks were set to rise on hopes of a US China trade deal. Now on 4 April 2019 stocks are set to rise on hopes of a US China trade deal. They should just never sign the trade deal so that way stocks can just keep on rallying on hopes of a trade deal forever.
Source: CNBC - 🏆 12. / 72 Read more »

World stocks rally to six-month highs on U.S.-China trade optimismWorld stocks rallied to six-month highs on Wednesday as investors cheered signs ... What a joke, Same news for last 6 months
Source: Reuters - 🏆 2. / 97 Read more »