Stock market today: Stocks mostly rise after jobs report whopper, tech earnings
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Stocks mostly rose in the stock market today following a blowout January jobs report and strong tech earnings. The S&P 500 rose 0.4%, the Dow Jones Industrial Average slipped 0.2%, and the Nasdaq Composite gained almost 1%. The jobs report exceeded expectations, with the economy adding 353,000 jobs in January and the unemployment rate remaining unchanged at 3.7%. Tech giants Amazon and Meta reported strong earnings, while Apple fell due to concerns about its China business. The US labor market has now fully recovered from losses seen during the pandemic, with every major sector of the economy back to pre-COVID levels. The positive jobs report and earnings results may impact the Federal Reserve's rate path.
#StockMarket #JobsReport #TechEarnings