Stocks are rising on Wall Street following a stronger-than-expected report on the U.S. job market. The S&P 500 climbed 1.3% in morning trading Friday, putting the index on track for a ninth straight day of gains. The Dow Jones Industrial Average added 449 points, or 1.1%, and the Nasdaq composite was up 1.4%. Employers added 177,000 jobs in April, more than forecast. However the latest job figures don't yet reflect the effects on the economy of President Donald Trump’s across-the-board tariffs against America's trading partners. Treasury yields rose in the bond market.
The hard-right party Reform UK led by Nigel Farage snatched a seat in Parliament from the governing Labour Party and made big gains in local elections that Farage hailed Friday as a turning point in British politics.
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