Jefferies Reiterates Buy on Chevron (CVX) with $110 Price Target

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Go back to Jefferies Reiterates Buy on Chevron (CVX) with $110 Price Target

Wall Street off to a solid start in April

April 1, 2016 7:15 AM EDT

By Noel Randewich

(Reuters) - Wall Street extended a seven-week rally on Friday after upbeat U.S. jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential U.S. interest rate hikes.

The Labor Department's report showed solid gains in nonfarm payrolls in March while the unemployment rate rose to 5 percent from an eight-year low of 4.9 percent as more Americans entered the labor force.

Along with another report showing the U.S. manufacturing sector resumed growth in March, the employment data suggested the economy is not growing fast enough to increase concerns about... More