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Stocks Climb After Soft U.S. Jobs Report Recasts Fed Path as Tariffs Decision Is Deferred

Softer hiring with a lower jobless rate strengthened expectations for a near‑term Fed pause, supporting equities.

Overview

  • The U.S. added 50,000 nonfarm jobs in December and the unemployment rate fell to 4.4%, undershooting payroll forecasts while topping expectations on joblessness.
  • Major indexes advanced, with the S&P 500 setting an intraday record and closing up 0.65%, the Nasdaq up 0.81%, and the Dow up 0.48% for the day.
  • Rate futures reflected a roughly 95% probability the Federal Reserve will hold rates steady at its late‑January meeting following the data.
  • The U.S. Supreme Court did not issue a ruling on the legality of President Donald Trump’s global tariffs, with a decision now expected Wednesday.
  • Energy shares rose as the White House prepared talks on Venezuelan oil export deals, while Nvidia remained pressured after reports of China guiding firms to pause purchases; Mexico’s IPC edged higher, nearing record territory.