At the close of trading on Friday, the S&P 500 recorded a new record high, thanks to the strong performance of Broadcom and other chipmakers. Despite the release of a jobs report that showed weaker-than-expected performance, it did not significantly affect expectations for interest rate cuts by the Federal Reserve this year.
The three major Wall Street indices saw gains during the first week of trading in 2026, supported by gains in the materials, industrials and other sectors, which had lagged behind the technology sector in the past few years.
A report issued by the US Department of Labor revealed a slowdown in job growth in the United States during December that exceeded expectations, but the decline in the unemployment rate to 4.4% indicates that the labor market is not experiencing a significant deterioration.
