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US stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes that rate hikes can wait

NEW YORK (AP) — Stocks rose on Wall Street Friday and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month. The S&P 500 rose 0. 5% and is hovering around the record it set on Tuesday. The Dow Jones Industrial Average rose 80 points, or 0. 2%, as of 2:04 p. m. Eastern time. The Nasdaq composite rose 1%. Every major index is on track for weekly gains. Technology stocks, with their big market values, did much of the heavy lifting for the They...

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