Rebound in job growth pushes Wall Street higher, trade hopes add to optimism
Updated : April 05, 2019 08:52 PM IST
The Labor Department report showed nonfarm payrolls rose by 196,000 jobs last month, above economists’ estimate of 180,000, as milder weather boosted hiring in sectors like construction.
The Federal Reserve last month suspended its three-year campaign to tighten monetary policy, increasing market expectations of an interest rate cut.
The markets were also helped by President Donald Trump’s comments that the US and China were close to a trade deal that could be announced within four weeks, potentially easing concerns about a months-long tariff war that has clouded global growth.
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