US Stock Market Highlights: The S&P 500 rose to a new all-time intraday high on Friday (January 9), pacing for a weekly gain, following the release of the latest jobs report. The broad market index was last up 0.8%, while the Nasdaq Composite gained 0.9%. The Dow Jones Industrial Average added 240 points, or 0.5%.
US Stock Market Highlights: The S&P 500 rose to a new all-time intraday high on Friday (January 9), pacing for a weekly gain, following the release of the latest jobs report. The broad market index was last up 0.8%, while the Nasdaq Composite gained 0.9%. The Dow Jones Industrial Average added 240 points, or 0.5%.
The three major averages remain on track for a winning week. The S&P 500 is up more than 1% week to date, while the Dow and Nasdaq have each jumped roughly 2%.
The December jobs report showed nonfarm payrolls increasing by 50,000 last month, less than the 73,000 that economists polled by Dow Jones had estimated. That data, though slightly weaker than expected, showed a US economy that’s still trudging along, with investors anticipating that growth will ramp up.
Stay tuned for key live updates as the US trading session unfolds.