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United Tech tops Dow in week following strong jobs data, analysis says

Published 07/07/2017, 10:38 AM
© Reuters.  United Tech tops Dow in week following strong jobs data, analysis says
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  • History shows that United Technologies (UTX +0.4%), 3M (MMM +0.5%) and Boeing (BA +0.4%) have been the best Dow performers over the five trading days after the monthly headline non-farm payrolls figure has posted a strong beat, according to historical analysis using Kensho, a quantitative analytics tool used by hedge funds.
  • Kensho analyzed 25 similarly strong jobs reports since March 2009 and found that each of the three stocks rose ~0.5% or more on average during the five days, while the S&P 500 fell slightly.
  • The study also shows industrials and financials have been the best performing S&P sectors, up a respective 0.2% and 0.17 % on average, in the five trading days following the jobs report.
  • Now read: Boeing Sales Impress


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