US Stocks Higher on Weak Jobs Data; Rate Hike Bets Cool
U.S. stock indices closed higher Friday after a weaker-than-expected jobs report eased concerns about an October rate hike. The S&P 500 rose 0.7%, the Nasdaq 100 gained 1%, and the Dow Jones Industrial Average advanced 0.5%.
S. stock indexes finished higher on Friday after employment data showed the economy added fewer jobs than expected, easing concerns about an October rate hike. 5%. The Russell 2000, which tracks small-cap stocks, also moved higher.