Wall Street Strategists Say Jobs Surprise Bodes Well for Stocks

-- Two of Wall Street’s top strategists have turned more optimistic about US stocks on signs of a robust labor market, economic resilience and easing interest rates.For a Master of Brutalist Provocations, a Modest Museum Appraisal

“We continue to believe we’re in a ‘good is good’ environment in terms of the equity market’s response to the labor/economic growth data,” Wilson wrote in a note. “The bond market is becoming less skeptical on the soft landing outcome, an important signal for equity investors.” JPMorgan Chase & Co. reports earnings on Friday, providing an update on the profitability of lenders and officially kicking off the earnings season.Amazon has finalized its acquisition of rival Indian streamer MX Player. Financial terms of the deal haven’t been announced, but numerous local press sites have pegged the deal at around $100M. This is a consider amount less than seller Times India paid for MX Player back in 2019.

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