S&P hits record, Nasdaq jumps 1% as weak jobs data eases Fed tapering worries [Reuters]
Microsoft Corporation (MSFT)
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Source: Reuters
Business S&P hits record, Nasdaq jumps 1% as weak jobs data eases Fed tapering worries The S&P 500 and the Dow Jones Industrials hit record highs on Friday, while the technology-heavy Nasdaq index jumped 1% after weak U.S. jobs data eased worries about the Federal Reserve reducing its massive stimulus program anytime soon. The Labor Department's closely watched employment report showed U.S. employers hired far fewer workers than expected in April, with nonfarm payrolls increasing by only 266,000 jobs last month after rising by 770,000 in March. read more Economists polled by Reuters had forecast payrolls advancing by nearly 1 million jobs. Data also showed unemployment rate rose to 6.1% in April from 6.0% in March. Highly valued stocks such as Microsoft Corp (MSFT.O) , Apple Inc (AAPL.O) and Facebook Inc (FB.O) rose between 0.4% and 1.7%. The MSCI's benchmark for global equity markets (.MIWD00000PUS) also hit an all-time high, while European equities (.STOXX) extended their record r
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