Nasdaq rises to a record high after weaker jobs data
US stocks climbed Friday, with the Nasdaq Composite reaching a record high as softer jobs data reduced near-term rate-hike expectations and lower oil prices supported risk sentiment.
US stocks gained on Friday, lifting the Nasdaq Composite to a record high after weaker-than-expected jobs data further cut the odds of a near-term rate hike. Semiconductor shares and megacaps led the advance, while lower oil prices added to the risk-on tone.