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Financial Markets Wall Street
FILE - Signs mark the intersection of Wall Street and Broadway in New York's Financial District on Wednesday Dec.11, 2024.
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U.S. stocks rose near their record after the latest jobs report cooled worries that a potentially hot U.S. economy could make inflation worse. The S&P 500 climbed 0.7% Friday and pulled within 1% of its all-time high. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite rose 1.2%. They got a boost after a report showed U.S. employers slowed their hiring last month. That pushed traders to pare bets that the Federal Reserve will hike interest rates later this month. Treasury yields initially tumbled but later retraced their losses as oil prices recovered most of an early swoon.
