US stocks rose slightly Friday, hitting new all-time highs after the government reported that 140,000 jobs were lost in December.
The grim news is a sign of weakness for the economy but investors are hoping it will put more pressure on Washington for a bigger stimulus package as Joe Biden’s inauguration draws nearer and with Democrats set to control the House and Senate.
Shares of Tesla continued to surge too. Elon Musk’s electric car company is now worth more than $800 billion.
Here's where things opened:
- The Dow gained 0.3%, or about 90 points.
- The S&P 500 rose 0.4%.
- The Nasdaq Composite opened up 0.7%.
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