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US stocks rally on tech earnings, solid jobs report | Technology News
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US stocks rally on tech earnings, solid jobs report

Published by
AFP

New York (AFP) – The S&P 500 hit fresh heights Friday as US indices rallied on tech earnings, even as red-hot US jobs data sent the dollar and bond yields up as chances of an early interest rate cut faded. The US labor market smashed expectations last month in a surprise hiring pick-up, adding 353,000 jobs in January while the Department of Labor revised December’s figure sharply higher. The unemployment rate held steady at 3.7 percent for a third straight month. “If March wasn’t off the table as far as rate cuts were concerned before today’s payroll numbers, it’s not even in the same room now…

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