• Updated

Stocks rose on Wall Street and Treasury yields fell after the government reported that employers unexpectedly cut 23,000 jobs last month. The S&P 500 rose 0.6% Friday, topping the all-time high it set on Tuesday. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq composite added 1.3%. The weaker signal on the job market raised hopes that the Federal Reserve can wait longer before raising interest rates to fight inflation. The yield on the 10-year Treasury fell to 4.64%. The price of Brent crude rose 1.3%.