Why Signet Jewelers Stock Popped (Again) Today
After climbing 7.4% on Thursday following the company's solid fiscal third-quarter results, shares of Signet Jewelers (NYSE: SIG) gained another 15% on Friday as investors continued to cheer the news along with today's broader market rally.
Image source: Getty Images.
To be sure, there was no follow-on news today that might otherwise merit such an impressive extension to Thursday's post-earnings gains. But the broader market did rally -- including a 0.9% gain for the S&P 500 and a 1.2% rise from the Dow Jones Industrial Average. It was rebounding from U.S.-China trade-related losses earlier in the week after a report was released this morning detailing far-stronger-than-expected U.S. jobs growth.
Source Fool.com
