US Stocks Climb as Jobs Data Softens Rate Hike Outlook
US stocks advanced, with the S&P 500 gaining 0.73% and the Dow Jones Industrial Average rising 0.49%. The gains were attributed to a slower-than-expected jobs growth report, which eased concerns about further Federal Reserve interest rate hikes.
S. stocks finished the week higher as slower jobs growth eased expectations that the Federal Reserve will raise rates again later this month. 72. 96.