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Stocks near all-time highs following blowout jobs report


Stocks roar to end the week as a blowout jobs number surprises investors. Is the US economy going to jump start the next leg of this bull market? Catch The Final Round at 4 p.m. with Nicole Sinclair, Yahoo Finance’s Jared Blikre, Erin Gibbs of S&P Investment Advisory Services and Mark Martiak of Premier Financial Advisors.

Following a surprisingly weak employment report for May, the June jobs report astonished economists with 287,000 new payrolls, the biggest gains of the year. We discuss what this means for the Fed and an interest rate hike.

Winners and losers

Stocks in the red today include hair care product maker Helen of Troy as quarterly sales miss the mark, warehouse chain PriceSmart on a profit and revenue miss, and Juno Therapeutics after regulators put its cancer drug trial on hold following the death of two patients taking part in the study.

Stocks on the move higher today include The Gap on improving same store sales, Barracuda Networks on strong quarterly earnings and revenue figures, and Polycom after the video conferencing equipment-maker agreed to be bought by Siris Capital for $12.50 a share.

Looking ahead

  • The Fed speak ramps up next week with Loretta Mester, Neel Kashkari, James Bullard, Robert Kaplan, Patrick Harker, Dennis Lockhart and Esther George all giving speeches.

  • Alcoa unofficially kicks off earnings season with its quarterly report released on Monday after the bell.

  • Finally, the beat down oil trade will get a crucial piece of data with the EIA’s weekly crude inventory report. Last week we saw a drawdown of 2.1 million barrels.