NEW YORK — U.S. stocks are nearing their records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 added 0.3% Friday and was just above its all-time high set on Wednesday. The Dow Jones Industrial Average rose 92 points, and the Nasdaq composite climbed 0.3%.
Ulta Beauty, the mall-based makeup and skin care retailer, climbed more than 11% after it posted strong third-quarter earnings, including profits that easily beat analysts' projections. The U.S. labor market and broader economy have held up better than most economists expected in an era of elevated interest rates. Layoffs are low and job openings remain plentiful.
In Europe at midday, France’s CAC 40 surged 1.5% after French President Emmanuel Macron announced that he plans to stay in office until the end of his term and to name a new prime minister within days.
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