Stocks to Watch as May's Jobs Report Beats Economists' Expectations: PCTY, MMS
The broader indexes saw a nice uptick on Friday as May's Jobs report came in better than expected, with the S&P 500 and Nasdaq rising over +1%. Driving the stock market’s uptick, U.S. employers added 139,000 jobs, which came in above most economists’ expectations of 125,000-130,000, while the unemployment rate remained steady at 4.2%.Also helping to appease tariff uncertainty was that wage growth outpaced inflation, with average hourly earnings rising 3.9% year over year compared to April’s latest reading o ...