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US stocks rise as investors cheer August jobs report

Tags: stock job wall

NEW YORK (AP) — Not great, but good enough: U.S. stocks rose Friday as investors viewed a relatively weak jobs report for August as likely to help keep interest rates low.

That was a bit less than analysts expected, but investors were pleased that the economy kept growing at a steady pace while inflation remains weak.

Wall Street expects them to get a boost as Gulf Coast residents replace the hundreds of thousands of cars that have been damaged by rains and flooding this week.

The pattern of slow but steady job gains and weak inflation has helped push stocks higher for years.

"The market is looking at economic news that is below expectations as a sign that the Federal Reserve is not going to do much in terms of interest rate hikes," said Scott Wren, senior global equity strategist for Wells Fargo Investment Institute.

READ MORE (Yahoo Finance)

  • Stocks rise as investors expect interest rates to stay lowLos Angeles Times
  • Wall Street edges up as rate-hike bets in check after jobs dataYahoo Finance
  • Sluggish US jobs data buoys Wall Street on reduced Fed fearsThe Straits Times
  • Global stocks mostly higher ahead of US jobs dataMinneapolis Star Tribune
  • Asian stocks mostly higher after rise on Wall StreetYahoo Finance
  • Asian stocks mixed after China factories, Wall Street gainBorneo Bulletin Online
  • Banks, energy lead
  • GLOBAL MARKETS-Asia tracks Wall St higher, dollar advance slows before jobs dataReuters
  • Stocks Higher Thanks to Jobs ReportDTN The Progressive Farmer (registration) (blog)

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US stocks rise as investors cheer August jobs report


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