Wall Street Rises After NFP, Market Awaits Tariff Decision
US stocks rallied on Friday following the release of the latest jobs data, while market participants also braced for a potential US Supreme Court ruling on tariff policy.
The S&P 500 index rose around 0.4%, followed by the Nasdaq Composite, which also gained 0.4%. The Dow Jones Industrial Average added around 170 points, or 0.4%, signaling a return to risk-on sentiment after the jobs data was released.
The December jobs report showed Nonfarm Payrolls (NFP) increased by only 50,000, lower than the estimated 73,000. Although weaker than expected, investors viewed this data as still reflecting a controlled economic slowdown—not a collapse—so the window for interest rate cuts is not yet extremely urgent, but remains open.
At the same time, the unemployment rate fell to 4.4%, slightly better than the 4.5% forecast. The market interpreted this combination of "job growth slowing but unemployment improving" as a signal that labor market conditions remain quite solid, and that a recovery could emerge as economic momentum regains strength.
Against this backdrop, some traders see an opportunity for the market to continue its rally, as the Fed is perceived to have room to be patient. However, the future direction remains sensitive to headlines—especially if the Supreme Court's ruling on tariffs triggers major changes in trade policy and global sentiment.
Source: Newsmaker.id
