Dow makes big move on Friday as tech stocks lift Nasdaq

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Stocks rallied on Friday as the Dow Jones Industrial Average jumped over 700 points during trading as sluggish technology stocks boosted the Nasdaq Composite and U.S. Tech 100.

Sven Henrich: As long as inflation data comes in better than expected, there is potential to see a rally

The major U.S. benchmarks are rebounding from Thursday's losses as stocks look to end the week on a high note with commodities like oil and gold jumping well into positive territory. U.S. nonfarm payrolls rose by 223,000 jobs in December, Labor Department data showed, while a 0.3% rise in average earnings was smaller than expected and less than the previous month's 0.4%.

 

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