Stock markets advanced Friday despite mixed US jobs data, while the Supreme Court held off from a widely-anticipated ruling on many of President Donald Trump’s global tariffs for now.
Meanwhile, oil prices continued to surge higher as traders worried about conditions in Iran and Venezuela.
Data released early Friday showed that the US economy added 50,000 jobs last month, below market expectations, capping off a year of labor market weakness that prompted the Federal Reserve to cut interest rates.
However, the unemployment rate slipped to 4.4 percent and average wages continued to rise.
“The key takeaway is that the low unemployment rate will temper concerns that consumer spending and the economy will slow rapidly due to a weak labor market,” said…
