Following the shocking payrolls announcement that startled the markets, US stock indices increased on Friday.
According to the research, the economy created a startling 353 thousand new employment in January, which is a record high since January 2023 and much above forecasts of 187 thousand jobs.
The average hourly wage increased by 0.6% in January, exceeding projections of 0.3%, while the jobless rate steadied at 3.7%, below forecasts of 3.8% US stock indexes end close to all-time highs ahead of the Fed meeting.
The likelihood of early interest rate decreases this year was weakened by the data as well as the Federal Reserve's optimistic policy meeting this week.
As of 17:00 GMT, the Dow Jones was up 110 points, or 0.3%, to 38,630. The S&P 500 was up 51 points, or 1.1%, to 4,958, and the NASDAQ was up 254 points, or 1.6%, to 15,615.
