Despite a blowout jobs report stocks pare some big gains. Is this the end of a short 2016 comeback? Yahoo Finance Editor-in-Chief Andy Serwer, markets correspondent Nicole Sinclair, and Cathie Wood of Ark Invest break down today's market action.
Is the Fed back in play?
Jurrien Timmer, Director of Global Macro for Fidelity, discussed the effect of today's big jobs report, the markets, and what the Fed has up its sleeve given the improving economic situation.
Winners and losers
Stocks ending the week on a down note include Papa Johns on a downgrade, Ambarella on weak forward guidance, and H&R Block - the tax prep provider slipping today after reporting a wider quarterly loss than anticipated, citing lower client volume and foreign exchange fluctuations.
Stocks finishing higher on Friday include Carmike Cinemas on its merger with AMC, HP Enterprise on earnings, and Planet Fitness - the fitness chain which had been weak since its August IPO, flexing its muscles today after beating on earnings and delivering a strong 2016 forecast.
Looking ahead
Early on Monday we'll get potentially market moving comments from Federal Reserve Vice Chairman Stanley Fischer, who will be speaking at the NABE Economic Policy Conference.
On Wednesday we'll get an update on US crude oil stockpiles with the EIA inventory report - recall this week we saw a huge spike of 10.4 million barrels.
Also on Wednesday we'll get a gauge on the all-important housing sector in America with MBA mortgage application data. Last week we saw a dip of nearly 5%, hinting at a slowdown in single family home sales.
