U.S. stocks hit records Friday on resilient jobs data, with energy and housing sectors leading gains.

U.S. Stocks hit record highs Friday, with the S&P 500, Dow, and Nasdaq all rising, fueled by a mixed December jobs report that showed weaker hiring but a lower-than-expected unemployment rate, indicating a resilient labor market. Energy and housing stocks led the way, with Vistra up 10.5% after signing a 20-year power deal with Meta Platforms, and homebuilders up after President Trump announced plans to buy $200 billion in mortgage-backed bonds. General Motors dropped 2.7% after reporting a $6 billion charge for exiting electric vehicles, while WD-40 fell 6.6% due to lower profits. Expectations for a Federal Reserve rate cut at its next meeting have dropped to 5%, though most economists expect at least two cuts this year. Inflation expectations fell, while smaller stocks outperformed.