๐ U.S. Stocks Hit Record Highs Despite Slower Job Growth
Major U.S. markets closed higher on January 9, with the S&P 500 and Dow Jones reaching all-time highs.
The rally came even after a mixed jobs report: the U.S. added 50,000 jobs in December, below expectations, easing some concerns about Federal Reserve rate hikes.
Notably, the S&P 500 Equal Weight index also climbed, signaling that the rally was broad-based and not just led by a few tech giants.
International markets followed suit, with Europe hitting new highs, including Londonโs FTSE 100, boosted by mining sector merger news.
Key takeaways:
S&P 500 & Dow reach record highs ๐๏ธ
December job growth weaker than expected: +50K jobs
Broad market participation, not just tech
European markets also rally, FTSE 100 hits record
The marketโs reaction shows investors are focusing on broader economic trends and Fed signals rather than short-term data noise. ๐
#USNonFarmPayrollReport #CPIWatch #USJobsData #StockUpdate
