Beyond Meat Stock Skyrockets

Beyond Meat Stock Skyrockets

Ryan Christensen, account executive at Adviser Investments, has the market analysis for Friday, June 7. All major U.S. stock indexes advanced, with the Dow Jones Industrial Average and S&P 500 both up 1.0% and the NASDAQ Composite gaining 1.7%. In company news, Beyond Meat’s stock soared nearly 40% after the company beat first-quarter earnings expectations. Beyond Meat’s stock has risen almost 500% since its May 1, 2019 initial public offering. Meanwhile, the Labor Department reported that 75,000 new jobs were added last month—short of the 185,000 forecast and coming on the heels of Wednesday’s disappointing ADP private-sector job growth in May, which showed the smallest monthly increase in nine years.

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