07.08.2020 23:53:49

S&P 500 News: Stocks Up on Jobs Report as Stimulus Bill Stalls, Microsoft, Apple, Alphabet Stocks Fall

The S&P 500 Index (SNPINDEX: ^GSPC) closed on Friday relatively flat, up less than one-tenth of one percent. But while the index as a whole finished close to even to end the week, the vast majority of stocks in the index finished higher. The outsize influence of Apple Inc (NASDAQ: AAPL), Microsoft Corp (NASDAQ: MSFT), Amazon.com Inc (NASDAQ: AMZN), and Alphabet Inc (NASDAQ: GOOGL)(NASDAQ: GOOG), all of which finished lower today and have a combined market cap of $6.24 trillion, weighed on the index's gains.  Image source: Getty Images.The Department of Labor's jobs report, showing that employers added 1.8 million jobs last month, boosted a broad swath of stocks. Stocks gaining today include retailer Kohl's (NYSE: KSS), shipping giants United Parcel Service (NYSE: UPS) and Fedex (NYSE: FDX), and clothing and apparel maker Hanesbrands Inc (NYSE: HBI), all up more than 5.4%. Continue reading
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