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Stocks finished higher this week even as today s release of the August payrolls report did little to clarify the direction of monetary policy.
The S P 500 advanced 0.5% this week after rising 0.4% to 2,179.98 today. The Dow Jones Industrial Average rose 0.5% this week after advancing 72.66 points, or 0.4%, to 18,491.96 today. The Nasdaq Composite rallied 0.6% this week after gaining 0.4% to 5,249.90 today.
Today s August payrolls report was supposed to provide direction for the Federal Reserve and perhaps the market as well. It did not. Marketfield s Michael Shaoul explains:
By Ben Levisohn
Raymond James analyst Christopher Raymond and team say AbbVie (ABBV ) is not your father s biotech company as they initiate coverage with an Outperform rating: