While the job growth in the US indicates resilience in the economy, it may complicate the Federal Reserve’s efforts to control inflation, which remains above the target rate of 2%. Despite the headwinds, robust stocks Lear Corporation (LEA) and Fiesta Restaurant Group, Inc. (FRGI) look poised to outperform the market this month and could be worth buying.
The major indexes rebounded Friday, back near 2023 highs. The Dow Jones Industrial Average ended sharply higher on Friday, rallying 1.9% to close at 33,674.38. NASDAQ increased by 2.3% to 12,235.41, and S&P 500 rose by 1.9% to 4,136.25.
