Wall Street steamrolled even higher to add more gains to its best week nearly a year. The S&P 500 rose 0.9% Friday. The Dow added 222 points, and the Nasdaq composite rose 1.4%.
Stocks surged this week on rising hopes the Federal Reserve is finally done with its market-crunching hikes to interest rates, which are meant to get inflation under control.
A report on Friday underscored that pressure is easing on inflation after it showed employers hired fewer workers last month than expected. Treasury yields tumbled, releasing more of the pressure that had built up.Stock market today: Asian shares follow Wall St higher on hopes for an end to Fed rate hikesThe Nasdaq composite rose 184.09 points, or 1.4%, to 13,478.28.The Nasdaq is up 835.27 points, or 6.6%.The Nasdaq is up 3,011.80 points, or 28.
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