A Winning Streak on Wall Street SurvivesNewser — Newser Editors
The S&P 500 now has a six-day winning streak going, barely. The benchmark index rose all of 2 points Friday to 3,351, while the Dow gained 47 points to 27,433, and the Nasdaq fell 97 points to 11,010.
The mixed day came after the July jobs report showed that the labor recovery was cooling down a bit amid a rise in coronavirus cases.
“Yes, future employment data will likely slow due to more COVID-19 restrictions, but for now you have to be quite impressed with how far we’ve come the last few months,” says Ryan Detrick of LPL Financial.
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