The economy adds 162,000 jobs in July, less than expected. The jobless rate drops to 7.4%, the lowest in 4 1/2 years. Stocks slide at first but surge at the close.
But the market is beginning to look overbought as oil prices and interest rates are on the move again. Google, Apple and Facebook boost the Nasdaq.
Good economic news has given the bulls something to cheer about, but bears point to future challenges on the horizon.
With the market trading near long-time highs, is it too late to buy into the rally? Not if you follow these simple rules from a proven pro.
The central bank will describe its plans for the next few months on Wednesday. The odds favor a bland announcement, which should cheer investors.
The shares are up more than 42% since reporting a huge earnings and revenue beat for the 2nd quarter. CEO Zuckerberg's stake has jumped from $13 billion to $18.8 billion.
The rally shows its strength by shrugging off weakness in Japan and worries about next week's Fed meeting. Exxon, Chevron and Whole Foods report results.
VIDEO ON MSN MONEY
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Fed keeps important 'considerable time' language in reference to short-term interest rates, but dissents and dots leave doubts.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The Fed's latest statement confirms that it won't be coming to the rescue of depositors soon, but these institutions are worth following anyway.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'