Wall Street Breakfast: What Moved Markets This Week

Stocks continued their steady grind higher following a strong March jobs report that reduced February's weakness to an aberration. The U.S. economy added 196K jobs in March vs. +179K consensus as hiring increased in most major segments of the economy. The unemployment rate stayed at 3.8% and the disappointing February jobs report saw an upward revision to 33K jobs adds for the month from 20K. For the week, the S&P 500 gained 2.1%, the Dow rose 1.5% and the Nasdaq jumped 2.7%. The two-year yield ended the week at 2.34% and the 10-year yield settled at 2.50%.


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