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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