U.S. stocks finished higher Friday, rebounding after spending much of the session in the red, as investors grappled with the jobs report and its ramifications for Federal Reserve’s monetary policy. The Dow rose 80 to 17,741, the S&P tacked on 7 to 2,057 and the Nasdaq gained 19 to 4,736.
U.S. corporate profits, weighed down by the energy slump and slowing global growth, are set to decline for the third straight quarter in the longest slide in earnings since the financial crisis.
So far, 2016 has been the year of nervous investors, volatile markets and fragile sentiments. Now, it turns out that it also has been the year of defaults.
Listen in for much more in A Wall Street Wrap-up.