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Stock market today: Stocks edge up after jobs report shows more strength

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Nasdaq Composite,Jittery Investors,Josh Schafer

Jobs report Friday finally arrives, bringing a test for stocks that have struggled in the second quarter's early going.

Stocks nudged higher on Friday, headed for a reprieve from losses as jittery investors digested the crucial monthly jobs report and kept one eye on surging oil prices. The Dow Jones Industrial Average put on roughly 0.1%, or 20 points, while the S&P 500 added 0.3% on the heels of its worst single-day fall since February. The tech-heavy Nasdaq Composite gained 0.4%. As Yahoo Finance's Josh Schafer reported, the US labor market continued to impress in March.

The major gauges slumped on Thursday as oil prices hit their highest levels in six months, spurring worries about a boost to inflation, and a panoply of Federal Reserve speakers rattled faith in an interest-rate cut coming any time soon. Nerves in the market are running high, going by this week's bumpy action in stocks. Investors are juggling economic releases and corporate news alongside growing tensions in the Middle East.

 

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