U.S. stocks stage a surprising rally on Friday. But can the party last?

U.S. stocks saw a surprising bounce on Friday, culminating in the S&P 500 index’s biggest intraday comeback since the March banking crisis, even though a monthly jobs report for September came in much higher than expected.

Bolvin said part of the rally could be seasonal, with September typically being a rough months for stocks. There also has been increased optimism that the earnings recession for American corporations may be over, she said. “The movement in stocks today is certainly encouraging given yields are up as well,” said Chris Fasciano, portfolio manager, Commonwealth Financial Network. “But we will need to see follow through next week.”

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Source: NBCDFW - 🏆 288. / 63 Read more »

Jim Cramer's top 10 things to watch in the stock market FridayStock futures fall on the back of a stronger-than-expected jobs report, while Exxon Mobil is reportedly close to a deal to buy Pioneer Natural Resources.
Source: CNBC - 🏆 12. / 72 Read more »

Palantir Stock News: PLTR resists market pressure, gaining early FridayPalantir (PLTR), the artificial intelligence (AI) platform business that is the brainchild of billionaire Peter Thiel, is gaining on the margin early
Source: FXStreetNews - 🏆 14. / 72 Read more »