Saturday, 9 January 2021

S&P 500 rises to record high as US economy loses jobs

Markets rose on Friday.

The S&P 500 rose 0.6 percent to a record high, the STOXX Europe 600 rose 0.7 percent and the Nikkei 225 jumped 1.6 percent.

US investors shrugged off news that the economy lost 140,000 jobs in December amid a surge in COVID-19 cases.

“In some ways, bad news is good news, because it increases the probability for more stimulus,” said Michael Arone, chief investment strategist for US SPDR Business.

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