Prospects for a third straight standout year hinge in part on the strength of the economy, with labour market data among the most important reads into the economy's health. — AFP
NEW YORK: The stock market faces its first major test of the year in the coming week, with investors counting on the US jobs report to show a stable but not overheated economy that underpins expectations for equity gains in 2025.
Stocks wobbled at the end of December and the start of January, cooling off after a torrid run. The benchmark S&P 500 closed 2024 with a 23% rise and posted its biggest two-year gain since 1997-1998.
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