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2024

Stock market today: World shares track Wall St's advance fueled by cooler jobs data

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World shares are mostly higher after Wall Street ended Friday with the market's best day in more than two months. The rally late last week was backed by cooler-than-expected U.S. employment data, a welcome sign that the Federal Reserve’s efforts to fight inflation by slowing the economy with high interest rates might be making some progress. The S&P 500 rose 1.3% Friday, its biggest gain since February. The Dow Jones Industrial Average rose 1.2%. and the Nasdaq composite climbed 2%. U.S. employers added 175,000 jobs last month, down sharply from a big increase in March.