Markets were mostly up on Friday.
However, in Asia, China's stock market resumed trading after a week-long holiday to see a 0.6 percent decline in the Shanghai Composite Index. The Nikkei 225 was little changed.
The US employment report on Friday showed that the economy added 227,000 job in January.
“A lot of traders are back in buy mode with economic data being OK,” said Sahak Manuelian, managing director of equity trading at Wedbush Securities. “A lot are feeling better that sentiment is improving.”
Indeed, Kervin Marder at MarketWatch noted that US stocks are easily shaking off bad news, a sign of strength.
In contrast, Tyler Durden at ZeroHedge sees that as a reason for worry.
“Financial markets are overly complacent to the severe risks from Trump’s actions and a nasty correction is possible,” he wrote on Friday.