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The Piney Point

US stocks rise near their record after the latest jobs report calms the rattled bond market

US stocks rise near their record after the latest jobs report calms the rattled bond market
Photo: KPRC 2 / Click2Houston (NBC) · view original

Some relief is returning to the rattled U.S. bond market on Friday after the latest jobs report cooled worries that a potentially hot U.S economy could make inflation much worse. The resulting drop in bond yields helped U.S. stocks climb back toward their all-time high. The S&P 500 rose 0.9% and...

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