Stock market today: Wall Street rises after solid jobs data boosts chances for a coming rate cut

U.S. stocks are ticking higher after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 added 0.3% Friday and was just above its all-time high set on Wednesday. The Dow Jones Industrial Average rose 31 points, and the Nasdaq composite climbed 0.6%. Treasury yields also fell, and expectations rose among traders that the Federal Reserve will cut interest rates again at its next meeting in two weeks after the jobs report showed stronger hiring than expected but also an uptick in the unemployment rate.