And Federal Reserve Chairman Jerome Powell said the Fed will be flexible in its plan to hike interest rates. The Dow soared by more than 800 points, on pace for its fourth-biggest point increase of all time. Although Powell called the December jobs report "very strong," he stressed that the Fed is "always prepared" to shift the stance of policy if needed. Strong jobs marketFriday's jobs report signaled the US economy still has some strength left in it. Friday's jobs report was the biggest surprise of the economic cycle, according to Goldman SachsThe unemployment rate rose to 3.9% because many people reentered the workforce.

Source: CNN January 04, 2019 12:22 UTC