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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