Skip to content
The Los Angeles

U.S. stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes for easier rate policy

U.S. stocks jump as employers unexpectedly cut 23,000 jobs, raising hopes for easier rate policy
Photo: NBC Los Angeles (KNBC) · view original

Stocks rose in morning trading 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 0.4% and is hovering around the record it set on Tuesday. The Dow Jones Industrial Average rose 114 points, or 0.2%,...

Sources and story details