Wall street jumps on big jobs report
Wall Street (^DJI, ^GSPC, ^IXIC) is bullish as stocks jump following a big jobs report, as the economy shows little signs of slowing down. Plus, Tesla’s had a rocky week, with shares entering bear market territory. Can Elon Musk get Tesla back on track? And, Prime Day is around the corner, but does Amazon’s big customer holiday really move the needle on the online giant? Catch The Final Round at 4 p.m. with Justine Underhill and Yahoo Finance editor-in-chief Andy Serwer, markets correspondent Myles Udland and reporter Jared Blikre.
Winners and losers
Stocks finishing the week in the red include Sears Holdings after CEO Eddie Lampert announced more store closures; Advaxis as the biotech name revealed its CEO was leaving the company; and Digimarc, with shares of the next-gen barcode scanning company dropping on a Craig-Hallum downgrade, claiming the run-up in share price since Amazon’s Whole Foods buy was overdone. Analysts had expected Amazon would leverage Digimarc’s technology in checkout-free stores.
Stocks on the move higher today include Sparton Corp after the defense name agreed to be bought by Britain’s Ultra Electronics for $235 million; Synchronoss as the mobile software-maker revealed it has begun examining strategic alternatives; and Digital Ally, with shares of the bodycam maker up after it received a favorable patent ruling in a dispute with rival Axon, formerly known as TASER.
