Stocks halted a three-day slide, with investors migrating to value from growth companies as signs of a strengthening labor market tempered inflation worries.

Industrial and financial shares led gains in the S&P 500, while energy producers joined a slump in oil. The tech-heavy Nasdaq 100 underperformed major equity benchmarks as Tesla Inc. slipped after Chief Executive Officer Elon Musk said the electric-car maker is suspending purchases using Bitcoin. In late trading, Coinbase Global Inc. sank as the biggest U.S. cryptocurrency exchange reported revenue below Wall Street estimates.

“We’ve been on cyclical value and small cap for the better part of the last year,” said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management. “Our forecast has been that you would have these cyclical upswings that would lead to a broadening market, and that is exactly what you’ve seen. We haven’t wavered one bit in…

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