For the week, the S&P 500 gained 1.86%, the Dow added 1.61%, and the NASDAQ increased 2.34%. MSCI EAFE stocks also increased, posting a 1.42% weekly gain. Friday’s performance marked one of the largest rallies since the beginning of this bull market.
The latest labor report helped underscore some of the differences between the U.S. economy and the rest of the world. September marked the 96th-straight month of job growth – and the lowest unemployment level since 1969. The report pushed interest rates higher, which contributed to last week’s equity losses.