S&P 500 rises, heads for weekly gain after stable jobs data: Live updates | Wall Street ticks hig…

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S&P 500 rises, heads for weekly gain after stable jobs data: Live updates

The S&P 500 rose on Friday following the release of the latest jobs report.

The broad market index climbed 0.2%, as did the Nasdaq Composite. The Dow Jones Industrial Average added 29 points, or 0.1%.

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 U.S. economy that's still trudging along, with investors anticipating that growth will ramp up.

Additionally, the unemployment rate inched down to 4.4%, while economists had forecast 4.5%. Traders took that as a sign that improvement in the economy would happen soon.

Wall Street ticks higher following a mixed report on the job market

New York – U.S. stocks are ticking higher Friday following a mixed report on the U.S. job market, one that may delay another cut to interest rates by the Federal Reserve but not necessarily slam the door on it.

The S&P 500 rose 0.2% in early trading and was nearing its all-time high set earlier in the week. The Dow Jones Industrial Average was up 147 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was virtually unchanged.

Treasury yields were mixed in the bond market after the U.S. Labor Department said employers hired fewer workers in total during December than economists expected, though the unemployment rate improved and was better than expected. It reinforced the belief that the U.S. job market may be in a “ low-hire, low-fire” state.

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