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The Economic Times

Markets / The Economic Times

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US stocks scale fresh record high after unemployment rate improves

U.S. stocks reached record highs Friday following a mixed jobs report. While hiring slowed, the unemployment rate improved, suggesting a stable job market that might delay but not eliminate Federal Reserve interest rate cuts. Energy and housing sectors saw significant gains, while General Motors faced a substantial hit due to its EV pullback.

10 Jan 2026 9:28 am