Stocks Power Higher Despite Weaker-Than-Expected Jobs Report

The U.S. added 148,000 jobs in December, compared to estimates of 189,000 jobs.
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U.S. equities rose with the Dow, the Nasdaq and the S&P 500 pushing further into record territory on Friday, despite a weaker-than-expected jobs report.

The U.S. added 148,000 jobs in December, missing economists' expectations of 189,000 jobs. The unemployment rate in December held steady at 4.1%.

Meanwhile, shares of Sears Holdings Corp. (SHLD) fell after announcing on Thursday that it will be closing more than 100 stores in 2018. The company said 64 Kmart stores and 39 Sears stores would be closed between early March and early April this year.

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