Morning Report 9 Jan 23: US sharemarkets rose on Friday

While jobs rose as expected and unemployment fell, the services sector contracted for the first time since 2020. The Dow Jones index rose by 701 points or 2.1%; the S&P 500 index rose by 2.3%; and the Nasdaq index lifted by 264 points or 2.6%. Over the week the Dow rose 1.5% with the S&P 500 up 1.4% and the Nasdaq up 1.0%.

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