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Wall Street climbs as inflation worries wane on wage data

Reuters 

By Ankur Banerjee and Parikshit Mishra(Reuters) - The three major U.S. indexes rose 1 percent on Friday, with the Nasdaq touching a record, after strong job additions in February but sluggish wage growth that pointed to a gradual rise in inflation and helped temper expectations of faster rate increases.Helping sentiment on a day the bull market for stocks turned nine were signs of a potential breakthrough in nuclear tensions in the Korean peninsula and President Donald Trump's softened stance on tariffs. "You got sort of a Goldilocks report with stronger employment, coupled with modest wage ...

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First Published: Sat, March 10 2018. 00:00 IST
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