Wall Street’s key S&P 500 index gained another 0.6% to propel it to yet another record close, little affected by weaker-than-expected jobs data.<\/p>\n
The blue-chip Dow gained 0.5%, while tech-centric Nasdaq picked up 0.8% on strong demand for chipmakers and the likes of Broadcom (+3.8%), Alphabet (+1%) and Tesla (+2.1%).<\/p>\n
Intel jumped 11% after US President Donald Trump said he had a “great meeting” with the chipmaker’s CEO, Lip-Bu Tan.<\/p>\n
Wall Street shows little sign of a New Year’s hangover, with the S&P 500, Dow and Nasdaq up 1.6%, 1.9% and 2.3% respectively in their first full week’s trading of the year.<\/p>\n
European stocks, as measured by the Eurostoxx 600, also closed at a record, as did the UK’s FTSE.<\/p>\n
The ASX looks like trailing along in that risk-on vibe, with futures trading pointing to a 0.3% gain on opening.<\/p>\n
The US Bureau of Labor Statistics monthly report showed 50,000 workers were added to nonfarm payrolls in December, compared with expectations for a rise of 60,000.<\/p>\n
The impact of soft job creation was offset by a slight decline in the unemployment rate, down a tick to 4.4% from 4.5% in November.<\/p>\n
Overall, the jobs figures were seen as giving the Fed some “breathing space” to leave rates on hold, with the chance of a January rate cut easing from 14% to just 5%.<\/p>\n
That meant US Treasuries and the US dollar edged higher and the Aussie dollar lower.<\/p>\n
Gold pushed back above $4,500\/ounce, while copper also rose (+2.1%), clinching its fourth consecutive week of gains.<\/p>\n
Oil also bubbled up, the global benchmark Brent crude gained 2.2% to $63.34\/barrel to be up around 4% over the week.<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street’s key S&P 500 index gained another 0.6% to propel it to yet another record close, little…\n","protected":false},"author":2,"featured_media":184881,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[11466,11468,951,114,2288,3151,85,46,1569,11470,190,2378,11469,19593,11467,5268,196],"class_list":["post-233223","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-asx","tag-australian-dollar","tag-bitcoin","tag-business","tag-dollar","tag-dow-jones","tag-il","tag-israel","tag-live-blog","tag-live-update","tag-markets","tag-nasdaq","tag-nyse","tag-sp","tag-share-market","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/233223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=233223"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/233223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/184881"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=233223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=233223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=233223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}