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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

A Soaring Stock Market Leaves Moderna, Slack Behind

Dan Caplinger, The Motley Fool
·4 min read
A Soaring Stock Market Leaves Moderna, Slack Behind

The stock market posted a huge advance on Friday, lifted by an extremely optimistic outlook on the employment front. Most economists had expected dramatic job losses in May, but the employment report instead showed millions of new jobs created. For Moderna (NASDAQ: MRNA) and Slack Technologies (NYSE: WORK), shareholders seem to think that what's good for the broader economy might end up taking away from the long-term potential of their respective businesses.

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