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Stocks Rise Following Report of Slower Job Growth

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[ Business]

U.S. stocks went higher on Friday after a a report showed that the nation’s job growth has slowed in March.

The Dow Jones Industrial Average increased 0.4%, while both the S&P 500 index and the Nasdaq Composite rose 0.6%.

A Financial Times article says:

“A government report said the US economy created 110,000 jobs last month, or about half of what most Wall Street economists had forecast. The figure reinforced perceptions of a weak labour market evident in declining gauges of consumer confidence in the US.

However, economists had also feared the prospect of jobs growth rising so much as to lead to inflationary pressures and thus cause the Federal Reserve to become more aggressive in its tightening of monetary policy.”

Best Buy and Taser are among the stocks that fell.

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Stocks Rise Following Report of Slower Job Growth
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