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Wall Street ends up on bull market's birthday; inflation fears ease

Reuters  |  NEW YORK 

NEW YORK (Reuters) - To celebrate the bull market's ninth birthday on Friday, the three major U.S. stock indexes ended up more than 1 percent, with the Nasdaq hitting a record high, as February's jobs report assuaged fears of inflation and aggressive interest rate hikes. The Dow Jones Industrial Average rose 440.46 points, or 1.77 percent, to 25,335.67, the S&P 500 gained 47.53 points, or 1.74 percent, to 2,786.5 and the Nasdaq Composite added 132.86 points, or 1.79 percent, to 7,560.81. (Reporting by Caroline Valetkevitch; Editing by Chizu Nomiyama)(This story has not been edited by ...

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First Published: Sat, March 10 2018. 02:45 IST