U.S. stocks climbed on Friday, wrapping up a strong week on Wall Street as investors hoped a disappointing January jobs report would increase the likelihood of further stimulus.

The S&P 500 climbed 0.4% to a record close of 3,886.83 as 10 of the 11 sectors posted gains. The S&P 500 closed at a record high on Friday and posted its fifth straight positive session for the first time since August. 

The Labor Department said the U.S. added 49,000 jobs in January, slightly below the 50,000 payrolls expected by economists. The unemployment rate fell to 6.3%, better than projections of 6.7%. December’s numbers were revised much lower, with the month posting a loss of 227,000 from the initial reading of 140,000 jobs lost.

Wall Street was also in the middle of a solid earnings season. Of the 184 companies in the S&P 500 that have reported earnings to date, 84.2% topped analyst expectations, according to Refinitiv.

Meanwhile, another busy week of earnings is on deck with 78 S&P 500 components set to report quarterly results. Among the names on deck are Cisco, Twitter, Yelp, Uber, MGM, Mattel, GM, Coca-Cola and Disney.

Plan A : Long if market supported firm above 3889. Targets are 3905, 3920 and 3938.

Plan B : Short if market failed to support above 3889. Targets are 3864, 3835 and 3808.

U.S. stock index futures rose in early morning trading Monday, as the major averages looked to accelerate gains following the best week since November.

On Friday, the Nasdaq Composite advanced 0.6% to 13,856.30, also hitting a fresh closing high. The Nasdaq Composite registered its fourth positive session on Friday. 

The Senate and House each passed a budget resolution on Friday, starting the reconciliation process that would allow President Joe Biden’s $1.9 trillion rescue package to get through the Democratic-held Senate with a simple majority.

Treasury Secretary Janet Yellen said Sunday that if Biden’s stimulus plan is passed the U.S. could return to full employment by 2022.

Plan A : Long if market supported firm above 13647. Targets are 13678, 13710 and 13741.

Plan B : Short if market failed to support above 13647. Targets are  13610, 13569 and 13520.