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Stock impact report

U.S. jobs growth lifts Wall Street, offsetting tariffs [Reuters]

Biogen Inc. (BIIB) 
Last biogen inc. earnings: 4/22 07:12 am Check Earnings Report
US:NASDAQ Investor Relations: biogen.com/en_us/investors.html
Company Research Source: Reuters
U.S. jobs growth lifts Wall Street, offsetting tariffs | Reuters 4 Min Read NEW YORK (Reuters) - U.S. stocks climbed on Friday, with the S&P; 500 and the Nasdaq hitting their highest levels in two weeks, as strong U.S. jobs growth blunted the impact of an escalating U.S.-China trade dispute. Nonfarm payrolls increased by 213,000 jobs last month, the U.S. Labor Department said, topping expectations of 195,000, while the unemployment rate rose from an 18-year low to 4 percent and average hourly earnings rose 0.2 percent. The moderate wage growth allayed fears of a strong buildup in inflation pressures and boosted optimism that the Federal Reserve would stay on a path of gradual interest rate increases. “This really is the best outcome we could have hoped for, more jobs without a whole lot of wage pressures,” said Kim Forrest, senior portfolio manager at Fort Pitt Capital Group in Pittsburgh. The positive news from the U.S. employment report offset, at least for the moment, heightened tr Show less Read more
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