Stock Market Today: Stocks Snap Weekly Win Streak to Start 2024

The main indexes closed higher Friday after a stronger-than-expected jobs report, but were lower on a weekly basis.

closeup of blue stock chart with red and green volume bars and a green moving average
(Image credit: Getty Images)

Stocks were choppy after the December jobs report showed the labor market remains strong (good news), though this could keep interest rates higher for longer (bad news).  

Ahead of the open, the Bureau of Labor Statistics said the U.S. added 216,000 new jobs in December, much higher than 175,000 economists were expecting. The unemployment rate remained unchanged at 3.7%, while wage growth accelerated at a faster monthly rate than what was seen in November.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.