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Stock Market Roundup, March 9: Jobs Report Sends Stocks Higher

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A better-than-expected jobs report confirmed the health of the economy and cooled concerns about rising inflation on Friday. Meanwhile, President Trump followed through on his proposed metal tariffs, although the final version of the plan may see exemptions for Mexico and Canada. Regardless, investors were in a good mood throughout the day, and all three major indexes closed more than 1.5% higher.

Zacks Rank #1 (Strong Buy) Top Movers

Value: Interserve - +12.1%

Growth: ISVJY

Momentum: China National Materials - +8.5%


Income: Medifast (MED - Free Report) - +5.4%

Major Indexes

Dow: 25,335.81 / +440.6 / +1.8%

Nasdaq: 7,560.81 / +132.86 / +1.8%

S&P 500: 2,786.56 / +47.59 / +1.7%

Top Headlines

Non-Farm Payrolls Homerun: 313K New Jobs, 4.1% Unemployment

A blowout 313K new jobs were created in the month of February, more than 100,000 — roughly +50% — higher than expected.

Upcoming Retail Earnings Reports to Watch: DKS, DG, ULTA

The traditional earnings season is effectively over, but a few marquee reports—especially in the retail sector—remain to be released. Make sure to keep an eye on these companies as they prepare to report during the week of March 12!

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

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