Dow Climbs as April Jobs Scare Tames Taper Tantrum Jitters By Investing.com
By Yasin Ebrahim Investing.com – The Dow rallied Friday as an unexpectedly weak April jobs report cooled fears the Federal Reserve may be forced to tighten policy sooner than many expect to curb an overheating economy. The Dow Jones Industrial Average rose 0.49%, or 168 points, after hitting an intraday record high of $34,734.36. The S&P 500 was up 0.65%, and the Nasdaq Composite gained 0.87%. The U.S. economy created 266,000 jobs in April, below the 770,000 seen last month and well short of the 976,000 jobs economists had forecast. The move cast doubt somewhat on...
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