"It's a strange market right now"

(Newser)
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US stocks rallied for the fourth consecutive day on Friday, as investors began June with a strong weekly gain after the May pullback. The S & P 500 index rose 29 points, or 1%, to 2,873; the Dow Jones Industrial Average Index gained 263 points, or 1%, to 25,983; and the Nasdaq composite climbed 126 points, or 1.6%, to 7,742. Stocks and bonds rose after a report showed that hiring was weaker than expected in May. The report appears to increase the chances of the Federal Reserve reducing interest rates in the coming months. Federal Reserve Chairman Jay Powell reported this possibility earlier in the week.

"It's a strange market right now," said AP Gold Goldman, director of investments and director of research at Cetera Financial Group. "Markets see bad news as good news to justify their comeback." Most sectors have skyrocketed. Technology stocks led the winners on Friday, with Microsoft and Apple leading the way. Health care companies and Internet stocks were also among the top winners, including Johnson & Johnson and Facebook.

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