Economic TimesLean R·
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher on Friday after a weaker-than-expected jobs report reduced expectations that the Federal Reserve will raise interest rates at its meeting later this month.The S&P 500 rose 0.76% to 7,724.38. The Nasdaq Composite gained 1.19% to 27,191.33, while the Dow Jones Industrial Average added 0.51% to 51,186.71.Nonfarm payrolls rose by 29,000 last month, the Labor Department reported, well below economists’ forecast of 90,000. Employment figures for the previous two months…
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