Global stocks gained over the week as tensions in the middle east appeared to ease. The S&P 500 climbed 0.9%, while the Dow rose 0.7%. Abroad, the FTSE All-World Ex-US rose 0.5% for the week. The 10-year Treasury yield rose over the week to end at 1.86% as investors moved away from safe-haven investments. Oil fell 6.4% over the week to finish at $59.04, after the easing of tensions.
US employers added jobs for a 10th straight year. December payrolls increased 145,000, slightly below estimates, but the unemployment rate remained at 3.5%. Wages gained only 2.9% from a year earlier their lowest annual gain since July 2018.
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