Refinitiv Newscasts - Trading at Noon: Stocks jump after jobs report shows wage growth slowing

Oppenheimer Holdings

06/01/2023 17:03

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Source: Reuters

Description: Wall Street's main indexes rallied on Friday as a slew of
economic data including cooling wages and moderation in U.S. jobs growth in
December calmed worries over the Federal Reserve's rate-hike trajectory.The
nonfarm payrolls rose by 223,000 jobs in December, data from the Labor
Department showed, while a 0.3% rise in average earnings was smaller than
expected and lower than the previous month.
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