"The markets are seeing green across the board amid a near Goldilocks scenario in the economy. The latest jobs report reveals that conditions are neither too not nor too cold, with 130,000 jobs added last month, surpassing economist's most bullish of estimates, while the unemployment rate edged lower to a surprising 4.3% from 4.4% month-over-month. What it means for the Fed and interest rates will depend largely on the latest inflation data, with the CPI due out at the end of the week."
"All three of the major stock market averages are advancing, including a 0.58% jump in the tech-heavy Nasdaq Composite. Leading the charge are Nvidia ( Nasdaq: NVDA | NVDA Price Prediction), Tesla ( Nasdaq: TSLA) and Micron ( Nasdaq: MU), the latter of which is benefiting from bullish comments out of Wall Street analysts. Laggards today are Microsoft ( Nasdaq: MSFT) and Amazon ( Nasdaq; AMZN), each of which is down about 1%."
Markets are broadly higher amid a near-Goldilocks economic backdrop after a jobs report showed 130,000 payroll additions and unemployment falling to 4.3% from 4.4%. The implications for Federal Reserve policy hinge on upcoming inflation readings, with the consumer price index scheduled later in the week. Major averages advanced, led by a 0.58% rise in the Nasdaq, with Nvidia, Tesla, and Micron among the best performers while Microsoft and Amazon lagged near 1% declines. Earnings and analyst commentary lifted individual stocks such as Shopify and Datadog, which saw positive investor reactions and bullish price targets.
Read at 24/7 Wall St.
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