As U.S. stocks head into a seasonally rocky stretch, investors are gauging to what extent markets have anticipated a number of factors that could sway asset prices, from massive government stimulus to looming inflation.
A lackluster monthly jobs report sparked a rebound in technology shares and other growth stocks Friday, helping send the S&P 500 and Dow Jones Industrial Average to fresh highs. The broad stock market index ticked up 30.98 points, or 0.7%, to 4232.60, while the Dow inched up 229.23 points, or 0.7%, to 34777.76. The milestones marked the respective indexes' 26th and 24th record closes of 2021..
* MSCI AWCI, Dow, S&P500 indexes hit fresh highs. * Canadian, European indexes also set records. * Copper at all-time high on recovery prospects. * Emergency market currencies shine. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash and Ritvik Carvalho.
A lackluster monthly jobs report sparked a rebound in technology shares and other growth stocks Friday, setting up the Dow Jones Industrial Average and S&P 500 for fresh records. The Nasdaq Composite added 0.9%, outpacing its peers. The S&P 500 ticked up 0.7%, hitting a new closing high of 4232. The Dow Jones Industrial Average rose 228 points, or 0.7% to 34776, also its highest close ever.
* All indexes rise; tech rebounds. * Square shares gain after results. * U.S. job growth far below expectations in April. By Krystal Hu. The S&P 500 and the Dow hit record highs on Friday, while megacap growth stocks drove a recovery on Nasdaq after U.S. jobs data eased concerns over prospects for rising rates.
While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.
* MSCI AWCI, Dow, S&P500 indexes hit fresh highs. * Copper at all-time high on recovery prospects. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash and Ritvik Carvalho.
* Mega-cap stocks jump; energy and materials leading S&P. * U.S. job growth far below expectations in April. * Indexes up: Dow 0.49%, S&P 0.58%, Nasdaq 0.64% By Krystal Hu and Shreyashi Sanyal. The S&P 500 and the Dow hit record highs on Friday, while the Nasdaq recovered along with heavily weighted growth stocks as U.S. jobs data eased concerns over prospects for rising rates.
* MSCI AWCI, Dow, S&P500 indexes hit fresh highs. * Copper hits all-time high on recovery prospects. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash and Ritvik Carvalho.
A lackluster monthly jobs report sparked a rebound in technology shares and other growth stocks Friday while triggering a decline in government-bond yields. The Nasdaq Composite added 1.3%, outpacing its peers. The S&P 500 ticked up 0.7%, a day after the broad-market index closed near its all-time high.
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