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US stocks rise toward records as the job market holds up better than expected despite the Iran war

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NEW YORK (AP) — U.S. stocks are rising toward records Friday following the latest sign that the nation’s job market is doing better than economists expected. The S&P 500 climbed 0.7% and was on track to top its all-time high after a report said U.S. employers added 115,000 more jobs than they cut last month, even though the war with Iran is raising fuel costs and uncertainty for everyone. The Dow Jones Industrial Average was up 75 points, or 0.2%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 1.2% higher and heading for its own record. While hiring slowed from March’s level, it was nevertheless nearly double what economists expected. And it kept the S&P 500 on track for a sixth straight winning week, which would be its longest such streak since 2024. The U.S.…

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