US Stocks Rise As Soft Jobs Data Eases Rate Fears
Wall Street advanced on Friday as weaker-than-expected nonfarm payrolls cooled expectations for a Federal Reserve rate hike later this month. The Dow, S&P 500, and Nasdaq all closed higher, led by gains in rate-sensitive and mega-cap stocks.
Xurve View
Insights:
Xurve View
United States equities advanced on Friday afternoon after softer-than-expected jobs data pared expectations for a rate hike from the Federal Reserve this month. The Dow Jones Industrial Average rose 250.40 points to 51,176.96, while the S&P 500 gained 56.27 points to 7,722.72. The weaker labor report eased immediate monetary policy pressures, fueling a late-week rally across major indices.
