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U.S. stocks rose on October 2 following a weak jobs report, easing rate-hike fears. The Nasdaq Composite hit a record high. Nonfarm payrolls grew by only 29,000, suggesting a cautious labor market …
Stocks have moved mostly higher during trading on Friday, adding to the modest gains posted in the previous session. The major averages have all moved to the upside, with the tech-heavy Nasdaq reaching a record intraday high.
U.S. stocks rose as the Nasdaq Composite reached a record after weaker-than-expected jobs data eased expectations of a near-term Federal Reserve rate hike.