The June jobs report Friday crushed expectations. How can investors trade the number using history as a guide?
The U.S. economy created 287,000 jobs in June versus the Wall Street consensus of 175,000. The data will now be a crucial factor in how the Federal Reserve decides on the future path of rate hikes.
Using Kensho, a hedge fund analytics tool, we looked at which sectors and S&P 500 stocks outperformed the week after the jobs report beat consensus by 10,000 or more since 2009.
Here is what we found.