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After a decade of doubts, the bull market for US stocks is expected to mark its 10th anniversary this weekend. Since his release from the rubble of the financial crisis in 2009, he has regularly criticized a series of skeptics who predicted that his disappearance was imminent. (March 7th)
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The Dow surged nearly 300 points on Friday afternoon as interest rate expectations improved after a weaker than expected employment report.

US employers created only 75,000 jobs in May, well below the 178,000 gain expected by economists surveyed by Bloomberg. Another concern: Hiring gains for March and April combined were revised downward by 75,000, according to the Labor Ministry on Friday.

While this often frightened the markets, investors took this to further encourage the Federal Reserve to lower a benchmark rate in the coming months, making borrowing cheaper for businesses and consumers.

Inventories rose on Friday after lower-than-expected jobs signal an improvement in the chances of the central bank reducing interest rates in the near future. (Photo: Bet_Noire / Getty Images)

"The lack … and the subsequent lower revisions put July clearly at stake for a rate cut," said Cliff Hodge, chief investment officer of Cornerstone Wealth, in an email. "The stock markets are banking on the Fed's ability to intervene and save, as it has done for much of the past decade."

The Dow Jones Industrial Average jumped 292 points, or 1.14%, to 26,013 in the afternoon session. The broader Standard & Poor's 500 added 3579 points, or 1.24%, to 2879 points. The Nasdaq, very technology-driven, gained 136 points, or 1.78%, to 7,751 points Friday.

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Friday's gains represent the fourth consecutive day of growth. Stocks were strengthened earlier this week after Federal Reserve Chairman Jay Powell announced the possibility of cutting rates.

The report on mediocre jobs may indicate that companies are becoming increasingly cautious about slowing economic growth and increasing trade conflicts in the United States.

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But most sectors have skyrocketed. Technology stocks led gains on Friday. Microsoft grew by 3.03% and Apple by 2.78%. Health care companies and Internet stocks were also among the top winners. Johnson & Johnson rose 1.74% and Facebook by 2.96%.

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Bond prices have risen, leading to lower yields, also signaling that the market is worried about economic growth. The 10-year US Treasury yield fell to 2.08% from 2.12% on Thursday. Banks, which rely on higher yields to take advantage of loan interest, have generally fallen and held back the gains of the financial sector.

Investors are also optimistic about the prospects for a trade deal between the United States and Mexico. The United States is about to start imposing a 5% tariff on Mexican goods on Monday, but the two sides are negotiating and the media has suggested that the US may consider defering tariffs.

This week's gains offset some of May's losses, when President Donald Trump stepped up trade wars with China and Mexico by threatening or imposing new tariffs. This disrupted the market's momentum at the start of the year, which culminated with the S & P 500, which hit a new high on April 30.

Contribute: The Associated Press

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After 19 years on the American stock market, Adam Shell gives his best advice to successfully invest in the market.
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