Things seem to start looking up this year finally. The United States economy added 467,000 jobs in January, contrary to the expectations of job losses amid a record-breaking surge of COVID-19 cases. While the January job growth was remarkable in itself, it was associated with major upward revisions of November and December’s employment gains.
On top of it, the S&P 500 and the Nasdaq Composite jumped on Friday to finish its best week this year, driven by strong earnings reports rolling in. The broad market index rose 0.5% to 4,500.53, while the tech-heavy Nasdaq climbed 1.6% to 14,098.01. For the week, the S&P 500 is 1.5% higher, and the Nasdaq rose 2.4%.
