A Poignant Moment In Financial History Sparks Stocks
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Published Friday, January 4, 2019 at: 7:00 AM EST

Federal Reserve Chairman Jerome Powell assured investors he was listening to them on Friday, and a stronger than expected number of jobs were added in December, sparking a 3.4% stock market surge, closing out another volatile week with a moment likely to be remembered in financial history. A stronger than expected jobs report issued by the U.S. Bureau of Labor Statistics on Friday morning set off the sharp rally in stocks. With 312,000 estimated to have been created in the economy in December, fears of a recession receded, triggering the surge in stock prices. Then the Fed chair spoke at...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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