U.S. stocks climbed on Friday, wrapping up a strong week on Wall Street as investors hoped a disappointing January jobs report would increase the likelihood of further stimulus.
 | FRI, FEB 05, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 136.76 | -0.42 | -0.31% | | CSCO | 48.08 | +0.83 | +1.76% | | INTC | 58.18 | -0.61 | -1.04% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | F | 11.51 | +0.14 | +1.23% | | AAPL | 136.76 | -0.42 | -0.31% | | GE | 11.40 | -0.05 | -0.44% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 136.76 | -0.42 | -0.31% | | AMD | 87.90 | +0.06 | +0.07% | | SIRI | 6.11 | -0.01 | -0.25% | |
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The move higher on Wall Street came amid improving vaccination and hospitalization data for Covid-19 and a growing sense of momentum around another stimulus package from Washington, helping to overshadow a disappointing monthly jobs report. "The past few months on jobs day, we have flagged the need for fiscal stimulus to get us through to the other side of this economic soft patch," LPL Financial Chief Market Strategist Ryan Detrick said in a note. "As the pace of vaccinations picks up, we are hopeful that the job market may soon start to benefit from more sustainable economic growth." The energy sector was a particular bright spot this week, with the Energy Select Sector SPDR Fund jumping 8%. |
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