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US markets end higher on Friday
Jan-10-2026

The US markets ended higher on Friday with the Dow and the S&P 500 reaching new record closing highs. The strength on Wall Street reflected a positive reaction to the release of the Labor Department's closely watched report on employment in the month of December. With the report showing employment increased by less than expected in December, the data has led to some optimism about the outlook for interest rates. The Labor Department said non-farm payroll employment rose by 50,000 jobs in December after climbing by a downwardly revised 56,000 jobs in November. Traders also took support with a report released by the University of Michigan showed consumer sentiment in the U.S. has improved by slightly more than expected in the month of January. 

The University of Michigan said its consumer sentiment index rose to 54.0 in January after climbing to 52.9 in December. Meanwhile, report released by the Commerce Department showed new residential construction in the U.S. saw a steep drop in the month of October. The report said housing starts plunged by 4.6 percent to an annual rate of 1.246 million in October after jumping by 1.2 percent to an annual rate of 1.306 million in September. On the sectoral front, Interest rate-sensitive housing stocks turned in some of the market's best performances on the day, with the Philadelphia Housing Sector Index spiking by 5.7 percent.

Dow Jones Industrial Average surged 237.96 points or 0.48 percent to 49,504.07, S&P 500 rose 44.82 points or 0.65 percent to 6,966.28 and Nasdaq increased 191.33 points or 0.82 percent to 23,671.35.
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