The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File Photo
(New York, New York) – Wall Street is closing out the week on a strong note under President Donald Trump, with major markets opening higher after a mixed but calming December jobs report. Payroll growth came in lighter than expected at just 50,000 new jobs, while the unemployment rate dipped slightly to 4.4 percent- data that helped ease concerns about inflation and aggressive interest rate hikes.
Investors are also watching developments in Washington, with markets positioned for a winning week ahead of a possible Supreme Court of the United States ruling that could impact Trump-era tariffs and broader trade policy. At the opening bell, the Dow Jones Industrial Average climbed more than 150 points, while the S&P 500 and Nasdaq both traded firmly in the green, signaling cautious optimism among investors.
