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Much of the business news last week centred around TikTok, which shut down in the US on Sunday, before announcing it was “in the process of restoring service” later the same day, writes Ian Slattery.
US equities took a tumble on Friday after December’s monthly jobs report surpassed expectations. 256,000 jobs were added in the month, and the unemployment rate dropped from 4.2% to 4.1%, writes Ian Slattery.
Christmas didn’t come to US equities this year, all three major indexes, the S&P 500, the Nasdaq 100 and the Dow Jones, finished the typical “Santa Rally” period in the red, writes Ian Slattery.