US Stocks Climb Near Record as Jobs Report Eases Inflation Fears

U.S. stocks rose near record highs Friday after a weaker-than-expected jobs report calmed inflation worries. Employers added 29,000 jobs last month, below forecasts and down from August's 133,000. The S&P 500 gained about 0.8%, the Dow rose roughly 0.5%, and the Nasdaq climbed over 1%. Traders now see less than a 21% chance of a Fed rate hike this month, down from 64% a week ago.