Deckers (DECK) Stock Climbs on Strong Jobs Report and End of Dock Strike
DECKDeckers(DECK) Gurufocus·2024-10-05 04:50

Shares of Deckers (DECK, Financial) rose by 6.39% today, reaching a price of $166.81. This surge is part of a broader increase in footwear stocks, spurred by favorable macroeconomic news including a strong September jobs report and the resolution of a dockworkers' strike. The job market's strength is evident with 254,000 jobs added, the unemployment rate dropping from 4.2% to 4.1%, and a 4% wage increase, all suggesting robust economic conditions. This has positively impacted consumer discretionary companie ...