Stocks soar on huge jobs report beat

Stocks soar to new all-time highs following July’s massive jobs report. Catch The Final Round with Justine Underhill, Yahoo Finance editor-in-chief Andy Serwer, S&P’s Erin Gibbs and Bruno del Ama of Global X Funds.

Winners and losers

Stocks ending the week in the red include real estate site Zillow on an earnings miss, cyber security company FireEye after reporting weak forward guidance and hundreds of job cuts, and Bristol Myers Squibb. Shares of the pharmaceutical giant plunging after a promising cancer treatment failed to meet its primary endpoint.

Stocks ending the week in the green include cloud services company Rackspace on a Dow Jones report that it’s in advanced talks to be sold to private equity; Priceline on an earnings beat, as the travel site reported gross bookings above estimates, and Lions Gate. The movie studio posted a beat on both its top and bottom lines, helped by strong TV results and the movie “Now You See Me 2.”

Looking ahead

On Wednesday, the crude oil market will get a jolt of fresh data with the EIA oil inventory report. Last week we saw a build of 1.4 million barrels.

On Friday, we’ll get an important read on the consumer with retail sales for July. The Street’s hoping for a build on the prior month’s 0.7% core reading.

Finally, as earnings season rolls on, it’s time for the retailers to step up to the plate. We’ll get reports from Michael Kors, Coach, Macy’s, Nordstrom and JCPenney.

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