Surging Stocks as US Job Numbers Disappoint
US stocks rose on Wall Street Friday as employers unexpectedly cut 23,000 jobs last month.
This unexpected drop in employment numbers raised hopes that interest rate hikes may be delayed by the Federal Reserve.
The S&P 500 index topped its all-time high of Tuesday, rising 47.68 points or 0.6% to 7,757.64.
Technology stocks led the gains, with Nvidia increasing by 2.3% and Broadcom rising by 1.7%.