Stocks surge Friday, led by tech and fueled by jobs

US stocks rose on Friday as investors digested positive tech earnings and a strong jobs report. The Dow, S&P 500, and Nasdaq Composite all ended the week higher. The US economy added a significant number of jobs in January, surpassing expectations. This data suggests that an interest rate cut in March is unlikely, as the labor market remains resilient. Tech stocks performed well, particularly Meta Platforms and Amazon, following their impressive earnings reports. Overall, the stock market saw gains, although not evenly across all sectors. Next week, investors will pay attention to Treasury Secretary Janet Yellen’s testimony and the performance of regional banks.