U.S. stocks rose to fresh highs Friday, capping a cascade of records around the world.
The global economy and corporate profits are showing signs of strength, boosting stocks both in the U.S. and elsewhere, some analysts and investors said. The Dow Jones Industrial Average, S&P 500 and Nasdaq Co mposite were among the global indexes, including Germany’s DAX and South Korea’s Kospi, at records Friday.
The gains in the U.S. came after a jobs report that several analysts and investors said was solid enough for the Federal Reserve to raise interest rates later this month but also suggested that the central bank would maintain a cautious pace of increases.
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