New York (CNN Business) Bad news is good news again on Wall Street.
Stocks rose at the opening bell Friday to hit more new records -- despite the fact that the United States government reported a surprise loss of 140,000 jobs in December.
The weak numbers highlight the need for more stimulus from Washington.
"The ongoing battle against the pandemic is putting pressure on the real economy once again," said Charlie Ripley, senior investment strategist for Allianz Investment Management, in an email to CNN Business, "and despite what financial markets are signaling, the labor market is indicating there is still a ways to go on the economic road to recovery."
"The ability for Congress to provide additional fiscal support has increased and today's employment report simply beckons them to do so," Ripley added.
Charlie Ripley, Ripley
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