S&P 500 Hits Record Close on Weak Jobs Report
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- S&P 500 rose to a record close on Friday and posted its strongest weekly gain since April.
- A weak jobs report triggered the stock market gains, with CPI inflation data looming as the next key catalyst.
Why it matters: A weak jobs report driving record stock gains is the paradox buried in the headlines — soft labor data typically weighs on equities, not powers them to records. The CPI print on August 7 is the next checkpoint that will validate or break the rally.
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