"The markets are moving decidedly higher to cap off the week as they welcomed jobs data that was neither too hot nor too cold. All three of the major stock market averages are advancing, including a fractional gain in the Nasdaq Composite. Google parent company Alphabet ( Nasdaq: GOOGL) is tacking on 1%, buoying the tech sector and bringing the stock closer to the $4 trillion market cap level. The markets are also watching and waiting for a Supreme Court decision today on President Trump's tariff run."
"On the economic front, U.S. job growth came to a crawl in December, with businesses holding back on hiring due to import tariffs and bigger investments in AI. For example, Bloomberg reports that Elon Musk's xAI doled out $7.8 billion through Q1-Q3 2025. Nevertheless, the unemployment rate fell to 4.4%, giving Fed policymakers more to consider at their upcoming FOMC meeting later this month. The Labor Department revealed that non-farm payrolls rose by 50,000 jobs last month, after a revised increase of 56,000 in November."
U.S. stock indexes climbed as traders reacted to mixed December jobs data and awaited a Supreme Court decision on presidential tariffs. Nonfarm payrolls increased by 50,000, following a revised 56,000 in November, while the unemployment rate dropped to 4.4%, factors likely to influence the upcoming FOMC meeting. Alphabet gained about 1%, pushing its market value closer to $4 trillion. Broadcom received an upbeat analyst rating amid AI concerns, and Meta entered nuclear power partnerships with Oklo, Vistra, and TerraPower to meet rising data-center energy needs. AI investment and tariffs affected hiring decisions across businesses.
Read at 24/7 Wall St.
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