Dow, S&P 500 higher after jobs report — live updates

Stocks mostly rose after the jobs report showed solid hiring in December, but were on track for weekly losses.

The U.S. economy added 216,000 jobs last month, 170,000 more than economists had expected. The unemployment rate held steady at 3.7%. Hiring for October and November has been reduced.

With uncertainty about when the Federal Reserve will begin cutting interest rates, investors are scrutinizing the data, monitoring the possibility of a “soft landing.”

Stocks and bonds are poised to close the first week of 2024 with losses—a stark turnaround from the closing weeks of last year. A particularly tech-focused Nasdaq composite had fallen more than 3% through Thursday.

The 10-year Treasury yield traded above 4%, It was 3.99% on Thursday. It increased after the jobs report.

US stocks edged higher. The S&P 500 and Nasdaq Composite pared some gains from the previous day but were still in the green. Dow Jones Industrial Average was down. All three were on pace to post weekly losses.

The yen extended its slide and weakened to 144 per dollar. The Japanese currency has fallen nearly 3% this week.

Oil prices rebounded Thursday's losses. Brent traded at around $78.75 a barrel.

Bitcoin trades around $43,500, The price dropped from 5pm ET on Thursday.

European and Asian stock indexes mostly fell. The data showed a weaker-than-expected rebound in eurozone inflation.

Delve deeper into the jobs report:

See also  Stock futures were little changed to start the shortened Thanksgiving holiday week

JP Morgan expects to cut the base rate by 100 basis points this year

At the start of the month Wall Street was hopeful—but not convinced—that it would get a much-anticipated interest rate cut in September. Fed Chairman Jerome...

There are great players and potential matches

NFL Guardian Here's what we know about Caps right nowGuardian caps provide added protection over the helmets of players in inherently violent sports. Are...

Nasdaq falls as investors put their time ahead of Nvidia earnings

Shares of Coles ( KSS ) rose as much as 7% in early trading after the company beat Wall Street's revenue expectations by 15...

Dinosaur footprints found on two continents match

The video shows a large dinosaur with identical green bonesThe 150-million-year-old bones discovered in Utah will go on display at the Natural History Museum...

HMD’s Barbie Flip Phone is tough

HMD's Barbie-branded flip phone may be a bit late to catch the hot foldable summer wave, but it's certainly not lacking in appeal. Pre-announced...

Mark Zuckerberg says White House pressured Facebook to censor Covid-19 content | Meta

Meta boss Mark Zuckerberg has said he is bowing to what he says is pressure from the US government to censor Facebook and Instagram...