Stocks Eye Best Week Since April After Weak Jobs Report
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- Dow, S&P 500, and Nasdaq all rose Friday after the July jobs report surprised to the downside, with CNBC noting traders saw the "bright side" of the "dismal" payrolls data
- US equities are now positioned for their best weekly performance since April, as the weak payrolls print reduced investor concerns about further Federal Reserve rate hikes
Why it matters: A weaker-than-expected July jobs report that would normally spook investors became market-positive because it signaled less pressure on the Federal Reserve to keep hiking, driving the Dow, S&P 500, and Nasdaq higher and delivering the strongest weekly gain for stocks since April.
