Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week. The S&P 500 rose 0.4% Friday and recovered some of its loss from the day before, which was its worst in eight weeks. The Dow Jones Industrial Average gained 0.7%, and the Nasdaq composite added 0.8%. Amazon rallied after delivering a stronger profit for the latest quarter than analysts expected. Treasury yields pushed higher after initially falling following the jobs report, which was distorted by some unusual occurrences.
On Friday:
The S&P 500 rose 23.35 points, or 0.4%, to 5,728.80.
The Dow Jones Industrial Average rose 288.73 points, or 0.7%, to 42,052.19.
The Nasdaq composite rose 144.77 points, or 0.8%, to 18,239.92.
The Russell 2000 index of smaller companies rose 13.48 points, or 0.6%, to 2,210.13.
For the week:
The S&P 500 is down 79.32 points, or 1.4%.
The Dow is down 62.21 points, or 0.1%.
The Nasdaq is down 278.69 points, or 1.5%.
The Russell 2000 is up 2.14 points, or 0.1%.
For the year:
The S&P 500 is up 958.97 points, or 20.1%.
The Dow is up 4,362.65 points, or 11.6%.
The Nasdaq is up 3,228.57 points, or 21.5%.
The Russell 2000 is up 183.06 points, or 9%.
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
