US Stocks Near Record Highs as Unemployment Unexpectedly Improves

• US stocks, including the S&P 500, Dow Jones, and Nasdaq, rose following an unexpected improvement in the nation's unemployment rate.
• The Labor Department reported 130,000 jobs added in January, exceeding economists' expectations of 75,000.
• Despite positive job growth, major revisions showed only 181,000 jobs added in 2023, significantly lower than the previously reported 584,000.
• Energy and industrial sectors saw significant gains, while Moderna fell 10.5% after the FDA refused its new flu vaccine application.
• Treasury yields climbed, and traders adjusted expectations for Federal Reserve interest rate cuts, though most still anticipate at least two this year.