S&P 500 on Track for Record Close Because Good News Is Good News Again

Core Viewpoint - The S&P 500 is on track for a record close, nearing the 7000 level, as positive economic news is positively impacting the stock market [1] Stock Market Performance - The S&P 500 rallied by 0.6% and is approaching a record close [1] - The Dow Jones Industrial Average increased by 213 points, or 0.4%, aiming for its fourth consecutive closing high [1] - The Nasdaq Composite rose by 0.8% [1] Employment Data - The January employment report indicated that the U.S. added 130,000 nonfarm jobs, significantly exceeding economists' expectations of 75,000 [1] - This positive employment data comes after a series of weaker-than-expected labor market reports, which had led to cautious sentiment on Wall Street [1]