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Strong hiring sends stocks, yields up


NEW YORK (AP) — The most recent on developments in monetary markets (all instances native):

four p.m.

Shares and bond yields rose sharply on Wall Avenue after the federal government reported an enormous enhance in hiring final month.

Buyers had been relieved Friday to see that wage progress slowed. A soar in wages a month in the past raised worries about inflation.

Know-how corporations worn out the final of their losses from a steep market plunge a month in the past. Banks climbed in tandem with rates of interest.

Friday marks 9 years for the reason that starting of the present bull market, the second-longest since World Conflict II.

The S&P 500 rose 47 factors, or 1.7 p.c, to 2,786.

The Dow Jones industrial common jumped 440 factors, or 1.eight p.c, to 25,335. The Nasdaq rose 132 factors, or 1.eight p.c, to 7,560, one other file excessive.

The yield on the 10-year Treasury rose to 2.90 p.c.

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11:45 a.m.

Shares and bond yields rose on Wall Avenue after the federal government reported an enormous enhance in hiring final month.

Buyers had been relieved Friday to see that wage progress slowed down. A soar in wages a month in the past raised worries about inflation and spooked traders.

Know-how corporations are climbing and banks are rising in tandem with rates of interest.

Friday marks the ninth birthday of the present bull market, which is the second-longest since World Conflict II.

The S&P 500 rose 29 factors, or 1.1 p.c, to 2,768.

The Dow Jones industrial common gained 271 factors, or 1.1 p.c, to 25,166. The Nasdaq rose 90 factors, or 1.2 p.c, to 7,517, on its solution to a file excessive.

Bond costs fell. The yield on the 10-year Treasury rose to 2.90 p.c.

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9:35 a.m.

Shares and bond yields rose in early buying and selling on Wall Avenue after the federal government reported a surprisingly huge enhance in hiring final month.

The Labor Division reported early Friday that U.S. employers added 313,000 jobs in February, greater than anticipated and essentially the most since July 2016.

Wages additionally grew, however not as a lot as in January. An surprising soar in wages a month in the past raised worries about inflation and spooked traders.

Friday marks the ninth birthday of the present bull market, which is the second-longest since World Conflict II.

The Customary & Poor’s 500 index rose 14 factors, or zero.5 p.c, to 2,753.

The Dow Jones industrial common gained 141 factors, or zero.6 p.c, to 25,036. The Nasdaq composite rose 47 factors, or zero.7 p.c, to 7,477.



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