Stocks could look right past the weak jobs report and focus on strong profits

(CNBC)

After a weak jobs report, strategists say investor focus may stay on strong profit growth rather than other potential negatives. Stocks were mixed in the past week ahead of the long Labor Day weekend, with the Nasdaq outperforming, the S&P 500 rising slightly and the Dow flat. The best-performing sectors were on the defensive side, led by real estate investment trusts, utilities, consumer staples and health care.

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