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Benzinga
Benzinga
Business
Piero Cingari

S&P 500 Hits Record As Jobs Shock Sinks Rate-Hike Bets: Stock Market Today

S&P 500

The S&P 500 cleared 7,755 and Wall Street is on course for its best week since April.

The rally comes on the heels of a contraction in July payrolls. The U.S. economy unexpectedly shed 23,000 jobs in July against forecasts of an 80,000 gain, while May and June payrolls were revised down by a combined 103,000.

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