Weak US jobs data lifts
Photo: Yuki Iwamura /AP/TT

Weak US jobs data lifts Wall Street to fresh record highs

US stock markets ticked higher on the last trading day of the week. Trading was buoyed by hopes that weak US jobs data could keep interest rates in check.

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The broad S&P 500 index rose 0.6 percent to a new record high, the Dow Jones industrial average rose 0.3 percent and the tech-heavy Nasdaq composite index rose 1.3 percent.

Friday's figures from the US Department of Labor show that the number of jobs outside the agricultural sector in the US fell by 23,000 in July. This was a significantly weaker result than expected, which may lead members of the US Federal Reserve to postpone further interest rate hikes.

One dollar is traded for 9.48 kronor.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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