S&P 500 Hits Record High Last Week… on Earnings Growth Track and Weak Jobs Data

1. 1The S&P 500 hit a new record high last week, extending its all-time peak.
2. 2Nearly 90% of index constituents have reported results and remain on a profit-growth track of more than 50% year-on-year.
3. 3Jobs came in at -23,000 versus the 85,000 expected, which is seen as lowering the likelihood of a rate hike within the year.

Source Howard Lindzon +1 · View original ↗

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