Stock market today: Wall Street gains ground following surprisingly strong US jobs report
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Stocks on Wall Street posted solid gains following a strong US jobs report. The S&P 500 rose 1.1% and the Dow Jones Industrial Average rose 0.8%. Technology companies, including Nvidia and Alphabet, contributed to the rally. The gains were broad, with every sector in the S&P 500 finishing in the green. The US added a surprisingly strong 303,000 workers to their payrolls in March, fueling consumer spending and earnings growth. The job market has also sparked concerns about inflation, but Friday's report showed that wages rose modestly, putting less upward pressure on inflation. The bond market signaled concern about interest rates staying higher for longer, but the stock market accepted the strong jobs report as good news. The S&P 500 rose 57.13 points to 5,204.34, the Dow added 307.06 points to 38,904.04, and the Nasdaq gained 199.44 points to 16,248.52.

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https://apnews.com/article/stock-markets-inflation-cdeea722367b960f1a87b0b3d287fedd