AllMarket Update
logoArgusMay 07, 2021

Market Update: THRM, ASH, CRL, FIS, LHX, K, MDRX, RDS/A, SYY, HCA, SQ

Sector(s)
Basic Materials, Energy, Technology, Healthcare, Consumer Defensive, Industrials, Consumer Cyclical
Summary

Stocks rose on Friday morning, led by the Technology sector, as a disappointing April jobs report diminished concerns that the Fed would cut back on bond purchases. The yield on the 10-year Treasury fell sharply to about 1.55% following the report. The Labor Department said that the U.S. added just 266,000 jobs in April, down from 770,000 in March and well below the Reuters consensus forecast of 978,000. The official unemployment rate ticked up to 6.1% from 6.0% in March. The Dow rose 0.5%, the S&P 0.8%, and the Nasdaq 1.3%. Crude oil traded near $65 per barrel, while gold rose $15 to $1831 per ounce.

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