Stocks soar following stellar jobs report
You couldn’t have scripted it any better – stocks soar on a stellar jobs report. Plus – happy birthday to the bull market! We look at the highlights from a 9 year run. And – the Trumponomics scorecard gets downgraded – why Wall Street isn’t happy with recent developments. Plus – will Apple gobble up Snap? It’s the talk of Silicon Valley… and what will big companies like Apple do with all that cash lying around? Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance’s Andy Serwer, Myles Udland, and Brian Sozzi of The Street.
Winners and losers
Stocks in the red include Big Lots as the discounter reported a surprise decline in same-store sales; National Beverage as the La Croix seltzer parent missed on revenue, and Mattel – shares dropping on reports Toys R Us is preparing to liquidate its U.S. operations. Toy maker Hasbro is falling as well.
El Pollo Loco, the chicken chain beat on earnings by a penny, saw same-store sales rise 1.4%, and issued an upbeat profit forecast for 2018, Nutanix as the cloud computing company was upgraded at BTIG, and Stifel resumed coverage with a ‘buy’ rating, and (FS) United Natural Foods – shares jumping here as the food supplier reported a strong quarter, beating on both the top and bottom lines, and upped its fiscal 2018 guidance.
