Stock market today: Dow, S&P 500, Nasdaq jump to cap winning week as Fed rate hike fears fade
• US stocks rose to end a winning week, with the Nasdaq jumping 1.3% on the day and 5% for the week, while the S&P 500 gained 0.6% and the Dow rose nearly 0.3%. • The rally followed a surprise July jobs report showing the US economy lost 23,000 jobs, significantly missing Bloomberg economists' expectations of 80,000 new positions. • This unexpected decline in job growth has eased investor fears regarding further Federal Reserve interest rate hikes, as a cooling labor market may prompt a policy shift.
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