Stock market today: Wall Street rises toward records as it prepares for Friday's jobs report

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U.S. stocks are rising Thursday and climbing back toward record heights, as Wall Street makes its final moves ahead of a jobs report that could shake the market on Friday. The S&P 500 was up 0.7% in early trading and sitting just below its all-time high. The Dow Jones Industrial Average was up 250 points, or 0.6%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.9% higher. Conagra Brands climbed 4.1% after the company behind such food brands as Birds Eye and Duncan Hines reported a milder drop in revenue for the latest quarter than analysts expected. Levi Strauss jumped 16.3% after its latest quarterly results likewise topped expectations. It also slightly raised its forecast for profit over its full fiscal year as it shifts to selling jeans directly to consumers. The stock market’s gains trimmed the S&P 500’s loss for the week to 0.1%. It had sunk from its record earlier this week after surprisingly strong data on the U.S. economy raised worries that the Federal Reserve may not deliver as many cuts to interest rates this year as it’s hinted.

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