US stocks soar on strong jobs report; inflation fears ease
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March 9, 2018
NEW YORK (AP) — Wall Street got exactly what it wanted from Friday's jobs report: solid hiring, moderate wage growth and continued low unemployment. Investors sent stocks sharply higher, particularly their recent favorites, technology companies.
U.S. employers added 313,000 jobs in February, more than forecast, and wages didn't rise as much as investors had feared. The Labor Department also said January's spike in wages was a bit smaller than it originally thought. It made for a happy ninth anniversary for the current bull market.
A month earlier, a jump in wages got investors worried abo...
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