Published on 18 Jun 2024 on Zacks · via Yahoo Finance
Beat the Market Like Zacks: Goldman Sachs, Micron, Amgen in Focus
The three most widely followed indexes closed a winning week last Friday. The Nasdaq Composite, the S&P 500 and the Dow Jones Industrial Average advanced 2.4%, 1.3% and 0.3%, respectively.
The week’s proceedings were dominated by various jobs and employment numbers, which reflected a varied outlook. While a couple of significant jobs reports showed that employment openings were slowing down and jobless claims were rising, the nonfarm payrolls report depicted a far more resilient and robust labor market. While the manufacturing and construction sectors continued to show signs of a slowdown, the services sector posted numbers that far superseded expectations.