The markets posted their seventh straight week of gains, with the Dow and S&P 500 soaring to record highs. At one point the Dow was less than nine points away from the 18,000 mark.
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53 stocks in the S&P 500 hit lifetime highs on Friday, including 14 consumer-related stocks and 13 in the financial sector.
In an early holiday surprise, non-farm payrolls came in better than expected at 321,000 – analysts had been expecting 230,000. FOX Business spoke with U.S. Secretary of Labor Thomas Perez on Friday, he says that we will not see a big drop in employment following the holidays, when most retailers add workers.
Check out FOXBusiness.com/OnCall to see what he says is his number one concern for the labor market.
The last Federal Reserve meeting of the year takes place on Wednesday at 2:30PM ET. Could a strong jobs report prompt the Fed to hike interest rates sooner than expected?
Be sure to check out all of today’s interviews on FOXBusiness.com/OnCall and tune in to Countdown to the Closing Bell every weekday at 3:00PM ET.