The Dow Jones Industrial Average added 250.40 points, up 0.49% to 51,176.96, while the S&P 500 rose 56.27 points, or 0.73%, to 7,722.72. The Nasdaq Composite gained 319.27 points, a 1.19% increase, closing at 27,190.86.
The upward move followed the release of softer U.S. jobs data, which eased expectations of further Federal Reserve rate hikes and helped lift investor sentiment across the major U.S. equity benchmarks. Analysts said the cooling labor market lessened pressure on the Fed to tighten monetary policy further. Broad‑based buying was observed in technology and industrial stocks.
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