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Stock Market Roundup, March 10: Jobs Report Lifts Stocks

Ryan McQueeney

Stocks finished the week with a solid day of trading on Friday. While uncertainty and concern continued to send oil prices lower, confidence in the overall health of the economy was lifted even further thanks to a better-than-expected jobs report.

What’s more, recent blockbuster deals like the Snap Inc. IPO have created a renewed interest in initial public offerings among investors. This week, the market saw the debut of J. Jill, an apparel maker and mall-based retailer.

Zacks Rank #1 (Strong Buy) Top Movers

Value: Amerigo Resources ARREF - +9.55%

Growth: ARREF

Momentum: ARREF


Income: Pier 1 Imports PIR - +6.04%

Major Indexes

DOW: 20,915.29 / +57.10 / +0.27%

NASDAQ: 5,859.20 / +20.39 / +0.35%

S&P 500: 2,371.29 / +6.42 / +0.27%

Top Headlines

Oil Prices, Caterpillar Fraud, and Has Snap Ignited the IPO Market?

On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week's biggest story: the anticipatory state of the IPO market following Snap's historic debut.

J. Jill IPOs Despite Brutal Retail Industry

On March 9, women’s apparel retailer and mall staple J. Jill JILL began its life as a publicly traded entity despite volatility and uncertainty rocking the retail industry. Its initial public offering, however, received a lukewarm response from Wall Street, but in Friday morning trading, JILL stock is up almost 3% to $13.02 per share.

235K New Jobs Remove Last Stop from Fed Rate Hike

Another strong jobs report from the Bureau of Labor Statistics (BLS) survey — a monthly read of non-farm payroll numbers, including government hiring — has been released before the bell today: 235K new jobs were created in the month of February, continuing the strong labor market we’ve seen for nearly the entire past year.

More Stock News: 8 Companies Verge on Apple-Like Run                    

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