AllMarket Update
logoArgusFebruary 05, 2021

Market Update: BMY, COP, KLAC, MDC, TROW, PINS

Communication Services, Financial Services, Energy, Technology, Healthcare, Consumer Cyclical

Stocks rose on Friday morning following a slightly weaker-than-expected January employment report and a preliminary Senate vote supporting President Biden's $1.9 trillion stimulus package. The Labor Department said that the U.S. added 49,000 nonfarm payroll jobs in January, just shy of the Reuters consensus forecast of 50,000 but up from a revised loss of 227,000 in December. The Dow, the S&P, and the Nasdaq were all up about 0.4%. Crude oil traded near $57 per barrel, while gold rose $20 to $1811 per ounce.

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