- February 6, 2022
- Posted by: Stratford Team
- Category: Economy
Stocks were mixed Friday as markets weighed a surprisingly good US jobs report against concerns over tighteningmonetary policy, while oil prices pushed closer to $100 a barrel.
The United States added an unexpectedly robust 467,000 jobs in January, according to Labor Department data that also significantly raised employment increases for November and December.
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While the report suggests health in the world’s largest economy, another big rise in 10-year US Treasury note yields Friday focused concerns on expectations for multiple Federal Reserve interest rate hikes this year.
Worries about monetary tightening weighed on the Dow, while the S&P 500 and Nasdaq both finished higher.
All three major US indices finished the week in positive territory, with the S&P 500 winning 1.5 per cent.
Earlier, European bourses had retreated a day after the European Central Bank opened the door to…