Posted 4/5/2024, 1:33:19 PM
Stocks Rise Moderately on Strong Jobs Report; Oil Holds Near Highs Amid Mideast Tensions
- Stocks edge higher after strong March jobs report showing 303,000 jobs added; Dow up 0.1%, S&P 500 up 0.3%, Nasdaq up 0.4%
- Oil prices hold near multimonth highs, building on big gains amid escalating Israel-Iran tensions
- Pivotal Research analyst hikes Netflix price target to Street high $765 on higher subscriber and revenue assumptions
- PepsiCo stands out as safe haven stock, up 2.6% last 4 weeks; has catalysts like international business, snacking growth potential
- Need to watch impact of immigrant labor influx on jobs report, potentially contributing 50,000 to 290,000 to March gains