Weekly Recap
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Here is the Weekly Wrap from Briefing.com:
Stocks surged after strength overseas and better-than-expected economic data helped the major indices overcome losses from early in the week. The week ended on a positive note following a better-than-expected U.S. employment report.
The S&P 500 rallied 5.3% as all ten sectors posted a gain. Financials (5.7%), consumer discretionary (5.0%) and materials (4.2%) led the way. Defensive sectors underperformed on a relative basis, with utilities gaining 1.6%.
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