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Wall Street rallies, closes on winning week after positive jobs report

Por: CBS News Politics January 07, 2023

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Wall Street rallied on Friday amid hopes that inflation will recede and the Federal Reserve may ease up on its interest rate hikes, following a positive hiring report and mixed data on the U.S. economy.The S&P 500 closed 2.3% higher after a shaky start — marking its first winning week in the last five. The Dow Jones Industrial Average rose 2.1% and the tech-heavy Nasdaq composite added 2.6%. Markets worldwide got an initial jolt from the... + full article



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