Wall Street Hits Records After Unemployment Rate Improves

Wall Street hits records after unemployment rate improves

NEW YORK — U.S. stocks hit records Friday after a mixed report on the U.S. job market, one that may delay another cut to interest rates by the Federal Reserve but does not slam the door on it.

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US stocks scale fresh record high after unemployment rate improves

U.S. stocks reached record highs Friday following a mixed jobs report. While hiring slowed, the unemployment rate improved, suggesting a stable job market that might delay but not eliminate Federal Reserve interest rate cuts. Energy and housing sectors saw significant gains, while General Motors faced a substantial hit due to its EV pullback.