Wall Street rally continues, energy prices rise

Wall Street appears ready to add to a rally last week ignited by data hinting at slowing U.S. wage gains, according to a report from the Associated Press.

Futures for the Dow Jones industrials rose 0.3% while the S&P 500 rose 0.5%. On Friday, the four major U.S. indexes rose more than 2% after the government’s jobs report showed that wages nationwide rose 4.6% in December from a year earlier in the smallest increase since two summers ago. Economists had expected wage gains to pick up. At the same time, the report showed that hiring across the job market remains very strong.