Coca-Cola stock rises as soft U.S. jobs report boosts staples; CPI, Fed and earnings ahead
Coca-Cola shares rose 1.4% to $70.33 Friday, topping $70 as investors favored consumer staples after a weaker-than-expected U.S. jobs report. Nonfarm payrolls increased by 50,000 in December, missing forecasts, while unemployment dipped to 4.4%. The Consumer Staples Select Sector SPDR Fund gained 0.9%. Markets await the December CPI report on Jan. 13 and the Fed’s policy meeting later this month.