US Stocks Jump on Rate Optimism, Nasdaq Hits Record Intraday High
US stocks advanced Friday, with the Nasdaq Composite reaching an intraday record, as weaker-than-expected jobs data boosted expectations that the Federal Reserve will not hike interest rates this month.
US stocks advanced on Friday, with the Nasdaq Composite TVC:IXIC touching an intraday record high, as softer-than-expected jobs data prompted traders to reduce bets on a Federal Reserve interest rate hike later this month. Employers added 29000 jobs last month, well below expectations.