Stock Market

news: That certainly appears to be the judgment of the U.S. stock market in the wake of Friday's May jobs report, according to Market Watch. Far from plummeting, as one might imagine the stock market would do in the wake of that news, it rallied with the Dow Industrials DJIA, -0.05% tacking on 263 points and the S&P 500 SPX, -0.03% rising more than 1%. Counterintuitive, to be sure. CHAPEL HILL, N.C. Market Watch A recession is imminent That's just fake news. But not particularly unusual. The study, The Stock Market's Reaction to Unemployment News Why Bad News Is Usually Good for Stocks, was published in the Journal of Finance in 2005. In fact, according to a ground-breaking academic study a number of years ago, the market's behavior Friday is precisely what you would expect when it's not concerned about a recession but instead about interest rates. (news.financializer.com). As reported in the news.