Wall Street rockets higher on bull market's birthday
Updated:7 years, 7 months ago
New Delhi, Mar 10 (ANI): U.S. stocks jumped higher on the ninth anniversary of the bull market. Muted wage growth in February jobs report, tempered expectations of faster interest rate increases. The report assuaged fears of inflation and aggressive rate hikes. U.S. employers added 3,13,000 jobs in February. That's the biggest increase in more than 1.5 years and was much more than economists had expected. But average wages grew just 0.1 percent, tempering fears of inflation. The report sent gold prices lower and bond yields higher, and it boosted stocks in Europe after a sluggish start to the session. Goldman Sachs shares rallied. The Wall Street Journal reports CEO Lloyd Blankfein could step down as soon as year end.
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