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Wall Street higher as wage data soothes inflation worries

Reuters 

By Ankur Banerjee and Parikshit Mishra(Reuters) - U.S. stocks extended gains on Friday, with the Nasdaq touching a record, after data showed strong job additions in February but muted wage growth that indicated a gradual rise in inflation and helped temper expectations of faster interest rate increases.Helping sentiment on Friday, a day when 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 ...

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First Published: Fri, March 09 2018. 21:55 IST
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