Stocks Edge Higher, Bonds Rise After Jobs Data; Dow Tops 29K
U.S. stocks edged higher, while Treasuries rose after the latest jobs report confirmed that the world’s largest economy remains on solid footing. The dollar fell versus major peers. The S&P 500 inched toward a fresh record after hiring data slightly missed estimates for December, while the unemployment rate remained unchanged at 3.5%. The benchmark is on track for a weekly gain as the situation in the Middle East held a tenuous calm.
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