Main stock index’s fifth straight weekly gain still limited by unexpectedly strong U.S. jobs report
“The big news of the day is the extremely strong U.S. jobs report. It has been a reality check for the markets,” said Elvis Picardo, portfolio manager at Luft Financial, iA Private Wealth. “There was a little bit of complacency setting in terms of what the Fed would do next.”
“As the global economy opens up, you might see crude oil prices start trending higher again,” Picardo said.
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