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US midday market brief: S&P 500 rises 0.7% as jobs data lifts sentiment

US midday market brief: S&P 500 rises 0.7% as jobs data lifts sentiment

The S&P 500 climbed 0.7% to a fresh intraday record high on Friday, following the release of December’s employment report, which showed a mixed labor market picture that calmed recession fears. The Nasdaq Composite gained 0.9%, while the Dow Jones Industrial Average added 213.52 points, or 0.43%, closing at 49,480.41 as of midday trading. The [...]

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