Wall Street Climbs On Bull Market's Birthday As Inflation Fears Ebb

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To celebrate the bull market's ninth birthday on Friday, the three major US stock indexes climbed almost 2 percent and the Nasdaq closed at a record high, as February's jobs report assuaged fears of inflation and aggressive interest rate hikes.

 

A month ago, the market had been spooked by wage growth that fueled inflation fears, leading to a spike in volatility and a stock market correction. That sentiment has reversed over recent weeks with the market gradually nudging higher.

 

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