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11 Feb 2026
S&P 500 heads for record after strong jobs report allays consumer fears
Summary
US stocks rallied after a stronger-than-expected jobs report, with the S&P 500 Index advancing 0.4% and the Nasdaq 100 Index climbing 0.5%. The report showed a rise in payrolls and a decline in the unemployment rate, suggesting a strengthening labor market. This data could support a shift in investor focus from technology stocks to industrial cyclicals and consumer discretionary sectors.