US stocks notched a record close on Friday in what proved to be a volatile day in financial markets following a much weaker than expected jobs report.
US employers hired 266,000 new workers in April, according to the labour department’s monthly non-farm payrolls report — far below the level of at least 1m jobs that economists had expected.
“Today put some caution on the notion that the economy is overheating,” said Priya Misra, head of global rates strategy at TD Securities.
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