How major United States stock indexes fared on Thursday

Wall Street struggles to build on Thursday's gains after uninspiring NFP data

The Dow Jones hits 29,000 for the 1st time in history

A sign on the floor of the New York Stock Exchange shows the Dow Jones Industrial Average on more than 29,000 Friday on Wall Street in New York City.

Global stock markets resumed their record rally this week after the United States and Iran backed down on further military action following a standoff, and hopes of an initial U.S.

On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) was up 0.1%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was 0.2% lower and SPDR S&P 500 ETF (NYSEArca: SPY) rose 0.1%, with the Dow Jones Industrial Average reaching toward the 29,000 level for the first time and its quickest new 1000-point milestone since January 2018.

The Standard & Poor's 500 index rose 21.65 points, or 0.7%, to 3,274.70, breaking the record it set last week. The Nasdaq Composite also dipped 0.3% to 9,178.86.

The Dow is up 418.46 points, or 1.5%. Captrust Financial Advisors now owns 2,091 shares of the exchange traded fund's stock worth $557,000 after buying an additional 1,002 shares during the period.

The average hourly wage rose by 2.9 percent from the same month previous year, showing a slight slowdown in growth.

Earnings reports will begin in earnest next week, with JPMorgan Chase, Bank of America and other big banks on the schedule to tell investors how much profit they made in the last three months of 2019. The Index is a float-adjusted market capitalization index created to measure the performance of publicly traded real estate securities in developed and emerging countries. On Thursday, two senior Fed officials said they saw no need to change short-term interest rates soon, and that they were upbeat about the economic outlook. Markets see low rates as fuel for markets, and the Fed's three rate cuts a year ago were a big reason for the surge in stocks.

Prices for the 10-Year U.S. Treasury regained ground, dropping yields to 1.82% from Thursday's 1.86%.

"The employment rate is still below what it was before the financial crisis", said Florian Hense, an economist at Berenberg Bank.

In overseas markets, Japan's Nikkei 225 rose 0.5 percent, South Korea's Kospi gained 0.9 percent and the Hang Seng in Hong Kong added 0.3 percent.

Oil prices ditched 37 cents to $59.19 US a barrel. Brent crude, the worldwide standard, fell 39 cents to $64.98 a barrel.

The U.S. economy added 145,000 jobs in December. Heating oil fell 2 cents to $1.93 per gallon.

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