Exceeded expectations! U.S. seasonally adjusted non-farm payrolls for December reached 223,000, prompting a short-term rally in U.S. stock index futures.
The S&P 500 rallied 5.9% last week for its best week since June. Investors cheered a lighter-than-expected inflation reading, betting that the Federal Reserve would soon slow its aggressive tightening campaign.
Stocks Fall Monday As Wall Street Takes a Breather After S&P 500′S Best Week Since June