NEW YORK (AP) — U.S. stocks rose as Wall Street made its final moves ahead of a highly anticipated report on the job market. The S&P climbed 0.8% Thursday. The Dow Jones Industrial Average gained 0.8%, and the Nasdaq composite rallied 1%. Treasury yields fell following data that showed weaker hiring among private employers and a potential increase in layoffs. Neither is flashing a recession, but a slowdown in the job market could push the Federal Reserve to cut its main interest rate in a couple weeks. A more comprehensive jobs report is due Friday, which will likely carry more weight with the Fed.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — U.S. stocks rose Thursday as Wall Street made its final moves ahead of a looming update on the job market, one