The stock market ended Friday essentially flat as both the Dow Jones Industrial Average(DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) indexes shed less than 0.1%.
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The announcement included plenty of good news for investors, led by the fact that sales growth is rebounding sharply in the Colombian market.
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Stock Market Seeks Direction After Lackluster Jobs Report, Syria Strike
Jobs report: The jobs report also showed average wages rose 0.2% to $26.14 an hour.
“This is a disappointing jobs report coming in well below consensus.
Read: How markets reacted to U.S. strike in Syria, in 4 charts (http://www.marketwatch.com/story/how-markets-reacted-to-us-strike-in-syria-in-4-charts-2017-04-07)European stocks rose slightly higher following earlier weakness on Friday, though the FTSE 100 slipped.
The S&P 500 index rose 4.54 points, or 0.2%, to close at 2,357.49, while the Nasdaq Composite Index climbed 14.47 points, or 0.3%, to end at 5,878.95.
Market watchers may be betting that the U.S.’s strike against Syria will be limited and predictable and that it won’t lead to conflict with Syrian ally Russia.
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3 Things to Watch in the Stock Market This Week — The Motley Fool
Wells Fargo’s brand strengthBanking giant Wells Fargo posts its fiscal first-quarter results on Thursday morning.
“As we rebuild trust, we will reintroduce to our stakeholders what our Wells Fargo bankers have always been known for, and that’s helping our customers to succeed financially.”
Consensus estimates call for Wells Fargo to post flat revenue and a minor drop in earnings, to $0.97 per share from $0.99 per share in the prior year.
The prospect for sustained growth in the commercial-construction market through fiscal 2020 has management optimistic that the wind is at their backs.
It’s a traditionally slow period ahead of first-quarter earnings reports, but the week ahead still promises plenty of potential volatility for shareholders of Pier 1 Imports (NYSE:PIR), Apogee Enterprises (NASDAQ:APOG), and Wells Fargo (NYSE:WFC).