Global shares climb on Wall Street rally, stimulus hopes
NEW YORK (AP) — Stocks are opening with modest gains on Wall Street, adding to the record highs they reached a day earlier and keeping the market on track to end its first week of the year broadly higher.
The S&P 500 was up 0.4% in the early going Friday. The gains came even as the government reported the latest damage being done to the jobs market by the coronavirus pandemic.
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U.S. employers cut payrolls last month for the first time since April, leaving the economy with roughly 10 million fewer jobs since the pandemic set in nearly a year ago. Treasury yields continued to climb.