Nasdaq Hits Record High on Softer Jobs Data, Lower Rate-Hike Bets
US stocks advanced, with the Nasdaq Composite reaching a new record high on Friday, as weaker-than-expected jobs data reduced the likelihood of a near-term interest rate hike. Treasury yields declined, and lower oil prices contributed to a risk-on market sentiment.
US stocks rose on Friday, lifting the Nasdaq Composite to a record high, after weaker-than-expected jobs data reduced expectations for a near-term rate hike and pushed Treasury yields lower. Lower oil prices also helped support the risk-on tone. Semiconductor stocks and meg…