US stocks rise as weak jobs data seen boosting Biden plan | Malay Mail

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NEW YORK, Feb 5 — Wall Street stocks added to records early today on expectations that a lacklustre US jobs report bolstered the odds of passage of President Joe Biden’s economic relief package. The Labour Department said the US economy added only 49,000 jobs in January and downgraded the...

Wall Street stocks added to records early today on expectations that a lacklustre US jobs report bolstered the odds of passage of President Joe Biden’s economic relief package. — Reuters pic

The Labour Department said the US economy added only 49,000 jobs in January and downgraded the number of new jobs created in November and December. Both the S&P 500 and Nasdaq closed at records yesterday, rallying on diminished market volatility and improving coronavirus trends in the US.

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