Stock market today: Wall Street gains ground after strong jobs data pushes up rate forecasts

raised optimism about the economy but also forced a rethink about how much lower interest rates will go over the next year.

It was a “grand slam” of a report, according to Lindsay Rosner, head of multi-sector investing within Goldman Sachs Asset Management. She said policy makers at the Federal Reserve, who have been trying to pull off the difficult feat of keeping the economy humming while getting inflation under control, “must be smiling.”data on the job market.

Such increases in yields hurt stocks of home builders, real-estate owners and other companies that would have benefited the most from a continued easing in rates for mortgages and other loans. “This report tells the Fed that they still need to be careful as a strong labor market along with sticky housing/shelter data shows that it won’t be easy to engineer meaningfully lower inflation from here in the nearer term,” according to Scott Wren, senior global market strategist at Wells Fargo Investment Institute.

In the oil market, the price for a barrel of Brent crude, the international standard, rose 1.4% to $78.72 per barrel and is up more than 10% for the week. A barrel of benchmark U.S. crude rose 1.7% to $74.98, up from roughly $68 at the start of the week. Former First Lady has signaled her support for woman’s right to choose despite her husband’s role in dismantling abortion protectionsFREDERICTON — New Brunswick's Liberal party is promising to open a community health clinic in Woodstock, N.B., if the party wins the Oct. 21 election.Hundreds of mourners gathered to pay their respects on Friday to the 18 Palestinians killed by an Israeli airstrike that crashed into a crowded cafe in a refugee camp in the occupied West Bank.

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