Stock market today: Tech leads market surge after jobs report blowout
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Stocks finished higher Friday as investors shook off jitters after digesting a strong monthly jobs report, even as uncertainty lingers over the Federal Reserve's path to interest rate cuts. The Dow Jones Industrial Average put on about 0.8%, or 300 points, while the S&P 500 added 1.1% on the heels of its worst single-day fall since February. The tech-heavy Nasdaq Composite gained 1.2%. The US labor market continued to impress in March, with employers adding 303,000 jobs, much more than economists expected, while the unemployment rate ticked back down to 3.8%. Wage growth also met expectations. Nerves in the market are running high, going by this week's bumpy action in stocks. Investors are juggling economic releases and corporate news alongside growing tensions in the Middle East. Oil prices held near multimonth highs on Friday, building on the big gains notched amid escalating Israel-Iran tensions. Brent crude futures hovered just below $91 a barrel, while West Texas Intermediate futures changed hands at just under $87.
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