CRAK - Stocks Receive NFP Boost To Conclude Positive Week
It was a quiet week in stock markets, with many investors seemingly waiting for today's non-farm payrolls report. That came in ahead of estimates, with payrolls adding 850,000 jobs in June compared to 700,000 anticipated. At the time of this writing (3pm on Friday), the S&P 500 (SPY) is up about 1.6% week-over-week, with the Dow Industrials (DIA) up about 1%. The Nasdaq Composite (COMP.IND) is 1.8% higher. Winners & Losers A quick look back at the first six months of the year reveals double digit gains for all major indexes. Energy stocks were the best performer by sector as the Select Sector SPDR ETF (XLE) added 45%. Value stocks performed well, with the iShares S&P 500 Value ETF (IVE) up +16% the first half of the year. Among individual stocks, first half winners in energy names included Marathon Oil (MRO), up +112%; Diamondback Energy (FANG), up 106%; and Occidental
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Stocks Receive NFP Boost To Conclude Positive Week