Wall Street jumps after payrolls data
NEW YORK (Reuters) – Wall Street stocks rallied on Friday after employers hired more workers than expected last month, putting the S&P 500 on track to recover all of the losses posted during its recent four-day losing streak. Data showed employers in July hired 163,000 workers, the most in five months and above expectations calling for an increase of 100,000 jobs. But an increase in the jobless rate to 8. 3 percent clouds the picture of what the Federal Reserve will do about additional monetary stimulus. The S&P 500 index had fallen more than 1. . . .
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