US Stocks Climb as Softer Jobs Data Eases Rate-Hike Concerns
US stocks advanced on Friday, closing the week higher after weaker-than-expected jobs data tempered expectations for a Federal Reserve rate hike this month. The Labor Department reported that nonfarm payrolls increased by 29,000 jobs last month.
US stocks rose on Friday to end the trading week after weaker-than-expected jobs data reduced expectations for a Federal Reserve rate hike at this month’s policy meeting. The Labor Department said nonfarm payrolls increased by 29000 jobs last month, with the count for the pr…