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U.S. stocks are rising toward more records Friday after a highly anticipated report on the job market bolstered Wall Street's hopes that interest rates may soon get easier. The S&P 500 was 0.4% higher and on track to set an all-time high for a third straight day following Thursday's pause in trading for the Fourth of July holiday.
U.S. stocks are ticking toward more records after a report on the job market bolstered hopes that interest rates will soon get easier. The S&P 500 was 0.3% higher Friday
The Dow and the S&P 500 struggled for direction on Friday as investors assessed mixed payrolls data for cues on the Federal Reserve's pace of policy easing, while gains in megacap tech stocks lifted the Nasdaq.
Stocks ended a holiday-shortened trading week with fireworks after signs of a slowing labor market raised the odds of a Federal Reserve rate cut coming sooner rather than later. The cannonball in the market's pool Friday was the June jobs report,
S&P 500 communication services was the top performing sector, reaching its highest level since 2000. According to preliminary data, the S&P 500 gained 29.67 points, or 0.54%, to end at 5,566.69 points,