Santander, Berkshire Hathaway among gainers; HSBC, Sezzle in losers: week's financials wrap
MSN·- Wall Street finished the week higher as the S&P 500 reached fresh all-time highs driven by tech earnings and payrolls data. - A sharp contraction in the U.S. labor market caused Treasury bond yields to tumble significantly. - This economic shift sparked investor optimism that the Federal Reserve will hold off on imminent interest rate changes.Nasdaq Gains Over 300 Points; US Employers Cut 23,000 Jobs In July
benzinga_article·- U.S. stocks traded higher on Friday, with the Nasdaq Composite gaining over 300 points and the S&P 500 rising 0.58% to 7,754.64. - The U.S. labor market weakened unexpectedly in July as nonfarm payrolls contracted by 23,000 jobs and the unemployment rate was recorded at 4.1%. - Major individual equities experienced significant volatility, including Doximity surging 39% and Quidelortho falling 24% following their earnings reports.