Strong Jobs Data Lifts Major U.S. Stock Indexes

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Strong jobs data lifted all major U.S. stock indexes at the end of the week, bringing the S&P 500 to a record high. The 10-year U.S. Treasury yield hit record lows. Brexit continued to fuel economic volatility across the world. Risk-off sentiment was in focus amid continued attention on the fallout from the "leave" vote. Rallies persisted in global government debt and other perceived safe-havens such as gold, fueling skepticism that last week’s stock gains were sustainable. Gold was slightly down following the jobs announcement, but still had risen 27% for the year. Oil prices fell for the week.

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