STOCKS weekly review (03. – 07.06.2013 USA)

U.S. stocks jumped on Friday, with the benchmark indexes posting their first weekly gain in three, as May payrolls rose more than forecast, but not so much as to cause worry about the Federal Reserve quickening any plans for monetary tightening.

Posting a weekly gain of 0.9%, the Dow Jones Industrial Average advanced 1.4%, on Friday to 15,248.12, with Boeing Co. BA leading the pack, up 2.7%. Friday’s session is the best performance for the blue-chip index since Jan. 2. Meanwhile, the S&P 500 index rose 0.8% from the prior Friday’s finish to 1,643.38, with consumer discretionary pacing gains that included nine of its 10 major indus The Nasdaq Composite climbed 0.4% to 3,469.22 for the week.

On Friday, the Labor Department said that payrolls climbing 175,000 last month after a revised 149,000 rise in April. The unemployment rate climbed to 7.6% from 7.5% as more Americans stepped into the labor pool.

Energy stocks ended higher Friday, tracking the broader U.S. equity markets as investors cheered a positive employment report.

Energy shares trading in the S&P 500 Index ended the week up 1.2%. EQT COrp. rose 3.89% and Southwestern Energy Co. advanced 3.3%. Exxon Mobil Corp. shares gained 1.4%, while rival Chevron Corp. added 0.9%.

Gap advanced 2.7% after the largest U.S. specialty-apparel retailer reported a 7% increase in total comparable sales for last month. Analysts had projected a 3.7% gain.

Meanwhile, TiVo Inc. dropped 19% as the developer of digital-video recorders settled a patent dispute with Google Inc.’s Motorola Mobility unit, Cisco Systems Inc. and Time Warner Cable Inc. for $490 million -- less than estimated.

Next week there could be a lot of attention on news from the Bank of Japan. That country’s central bank will have its monthly two-day policy meeting on Monday and Tuesday, followed by an announcement and press conference. Plus, the Bank of Japan will release minutes from a prior meeting on Thursday night.

Also in the coming week, Apple will begin its Worldwide Developers Conference on Monday. It’s expected to preview its operating systems for its mobile devices and Mac computers. The tech giant’s stock appears to have found a bottom in the past couple of months, and this conference might help it recover from its months-long downtrend.

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