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

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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. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew KellyThe Dow Jones Industrial Average .DJI rose 440.46 points, or 1.77 percent, to 25,335.67, the S&P 500 .SPX gained 47.53 points, or 1.74 percent, to 2,786.5 and the Nasdaq Composite .IXIC added 132.86 points, or 1.79 percent, to 7,560.81. Reporting by Caroline Valetkevitch; Editing by Chizu NomiyamaOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters