Wall Street trades near record high, brushes off weak jobs data

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U.S. stocks hovered near all-time highs on Friday, as easing Middle East tensions and gains in popular technology stocks offset concerns about ...

REUTERS: U.S. stocks hovered near all-time highs on Friday, as easing Middle East tensions and gains in popular technology stocks offset concerns about slower-than-expected December jobs growth in the United States.

"Today's reaction in stocks is more about what happened this week so far than about any specific development today." Apple Inc rose 0.3per cent after Credit Suisse raised its price target on the stock, citing a better-than-feared iPhone 11 cycle so far."Some of the large-cap tech stocks are equity market's flight to safety at this point," Baird's Delwiche said.

 

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