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US stocks rise near their record after the latest jobs report eases worries about inflation

U.S. stocks are rising 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 233 points, and the Nasdaq composite rose 1.2%. They got a boost after a report showed U.S.…

Coverage (1)· Oct 2, 7:22 PM

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The Atlanta Journal-Constitution· Oct 2, 7:22 PMUS stocks rise near their record after the latest jobs report eases worries about inflation

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Job growth cools in September -- sorely missing forecastsEmployers hired at a steady pace in September, enough to keep the unemployment rate steady and the Federal Reserve’s focus squarely on inflation – meaning more interest-rate hikes are likely.

New York Post3d agoWhole story →

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