Stocks Rally as Wage Growth Slows, Geopolitical Pressures Ease
Wall Street is back in rally mode Friday after the February labor market report indicated a lack of wage pressures despite a significant gain in nonfarm payrolls, the combination of which should take some of the pressure on the Federal Reserve to hike interest rates again this month.
The upbeat mood was enhanced by easing geopolitical pressures and President's Trump's concessions to its allies regarding steel and aluminium tariffs, all of which contributed to a 200+ point gain in the Dow Jones Industrial Average and record high for the Nasdaq.
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