Stocks Post Weekly Gain With Focus on Fed, Profits: Markets Wrap
- The labor market was red-hot in January, jobs report shows
- US two-year yields stayed higher; a dollar index rose
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US stocks halted a three-day advance after a volatile Friday session that saw equities swerve between modest gains and losses as investors contended with data pointing to a robust labor market.
The S&P 500 still notched a weekly gain that took the index to its highest level since August. The Nasdaq 100 also scored a weekly advance, despite heavy selling after Apple Inc., Alphabet Inc. and Amazon. com Inc. reported disappointing results Thursday. Friday’s session capped a hectic week that brought a raft of corporate earnings, economic data and a Federal Reserve policy decision.