Dow gains 700 points as stocks log biggest advance in 5 weeks

U.S. stocks logged their biggest daily advance in more than 5 weeks on Friday as investors reacted to data showing the labor market and wage growth finally starting to cool. The S&P 500 SPX, +2.28% gained roughly 87 points, or 2.3%, to finish at 3,895 as the index snapped a four-week losing streak. The Dow Jones Industrial Average DJIA, +2.

13% climbed 700 points, or 2.1%, to finish at roughly 33,630. The Nasdaq Composite COMP, +2.56% advanced 264 points, or 1.6%, 10,569. Labor Department data showed the U.S. economy added 233,000 jobs last month, which was fewer than the prior month, while beating economists’ expectations for 200,000 new jobs. Wages grew by a modest 0.3% last month.

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Stock Market News Today: Dow Climbs Over 700 Points After December Jobs ReportThe Dow rallied about 700 points on data showing a slowdown in wage growth, an upbeat sign for the Fed's battle against inflation ⚡️ Airforce Impossible Moments 🦅 ft. Russia x USA x Ukraine fr. China 🔥 via YoutubersC9 *against a good economy Who gets wage increases in December? lol
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Stocks rally as traders bet that inflation may be cooling off, Dow surges 700 pointsInvestors cheered two economic reports that may signal inflation is cooling off. Give back Not so fast Wall Street looks like a little bit of a trap here
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