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Stock Market Wraps Best Week Since April. Now the Focus Is on Inflation.
Barrons.com49d agoneutral
Stock Market Wraps Best Week Since April. Now the Focus Is on Inflation.

The stock market cruised higher on Friday to wrap up its best week since April in the wake of the July jobs report. The yield on the 2-year Treasury note fell 4.2%, marking its biggest one-week decline since June. Bond prices move inversely to yields, so the stock market was following the bond market’s rally after the Labor Department said the U.S. economy subtracted 23,000 nonfarm jobs.

Why the Stock Market Is Rallying on a Weak Jobs Report
Barrons.com49d agobullish
Why the Stock Market Is Rallying on a Weak Jobs Report

A broad stock market rally took hold on Friday following a jobs report that was well below expectations. For a market paying more attention to moves in bond yields, it’s a case of “bad news is good news.” The Nasdaq was up 0.9%.

Tech Stocks Shake Off Another Memory Stock Slide
Barrons.com49d agoneutral
Tech Stocks Shake Off Another Memory Stock Slide

Three of its top holdings, flash memory/data storage companies Seagate, Western Digital, and Sandisk, were among the biggest losers in the S&P 500 Friday. The stocks continued to slide following Western Digital's earnings late Wednesday, which were merely good as opposed to mind-blowingly fantastic. The memory ETF was being dragged down even more by Micron Technology and South Korean rival SK Hynix.

Nasdaq Jumps After Weak Jobs Report
Barrons.com49d agobullish
Nasdaq Jumps After Weak Jobs Report

Stocks were back on the rise on Friday after a weak July jobs report sent bond yields lower. The Dow Jones Industrial Average was up 81 points, or 0.2%. The S&P 500 was up 0.4%. The Nasdaq Composite rose 0.