Stock market today: Dow, S&P 500, Nasdaq rise as jobs report seals rate bets, with SCOTUS tariff ruling in focus

Market Overview - US stocks experienced a rise on Friday, with the S&P 500 gaining approximately 0.4%, the Nasdaq Composite increasing by 0.3%, and the Dow Jones Industrial Average up by 0.1% [1] - All three major indexes are on track to close the first full week of 2026 higher [1] Employment Data - The December nonfarm payrolls report indicated that the US added 50,000 jobs, falling short of economists' expectations of around 70,000 positions [3] - The unemployment rate decreased to 4.4% from 4.6% in November, reflecting a "no-hire, no-fire" economy theme for 2025 [3] Tariffs and Trade - Wall Street is anticipating a Supreme Court ruling regarding the legality of President Trump's tariffs, which could have significant implications for US economic strategy and global trade [4] - The Supreme Court's decision is expected to clarify whether Trump acted appropriately under a law intended for national emergencies when imposing these tariffs [4] Venezuela Developments - The US is reassessing its approach to Venezuela, with Trump canceling a second wave of attacks in light of cooperation regarding the rebuilding of Venezuela's energy infrastructure [5] - A meeting has been scheduled with global oil majors to discuss the future of Venezuela's substantial oil reserves [5] Mortgage Market Initiatives - Trump has instructed Freddie Mac and Fannie Mae to purchase $200 billion in mortgage-backed securities to lower mortgage rates and address affordability issues [6] - The market is evaluating the potential impacts of this initiative, as details surrounding the plan remain unclear [6]