How Major US Stock Indexes Fared Jan. 5


Wall Street drifted to a higher close but still marked its first losing week in the last 10.
The listless trading followed reports showing workers are getting bigger raises, but also that key parts of the economy still don’t look like they’re overheating.
Treasury yields initially jumped after a report showed the job market strengthened more than expected. That raised worries the Federal Reserve could keep interest rates high. Another report said growth for services businesses slowed, and traders rebuilt bets for the first cut to rates to come in March.
On Friday:
The S&P 500 rose 8.56 points, or 0.2 percent, to 4,697.24….


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