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Jobs Data Pushes S&P 500 Record Higher

Jobs Data Pushes S&P 500 Record Higher (Bloomberg)

The S&P 500 rose for a fourth straight session today, extending its record high, thanks in part to data showing that companies added to payrolls last month. “The positive tone from yesterday is most likely to continue into the jobs report, absent some big macro piece of data that comes out between now and then,” Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said. “Longer-term investors are still of the opinion that the U.S. equity market remains one of the best places to be invested for this year.”

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