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Lower expectations for Fed rate hike this month propel Wall Street
Global stocks rose on Friday as a sharp sell-off in government bonds and currencies showed signs of easing, while falling oil prices offered some relief to investors ahead of a closely watched U.S. jobs report that could influence expectations for the Federal Reserve’s next interest-rate decision. The improvement in…
Wall Street ended higher on Friday, with the Dow gaining 0.5%, the S&P 500 rising 0.7% and the Nasdaq advancing 1.2%, led by tech stocks, while Nvidia hit a fresh all-time high following a positive Morgan Stanley note. US markets shrugged off weak jobs data, with the economy adding just 29,000 jobs in September…