U.S. stocks jumped Friday, extending major indexes’ weekly gains, after an upbeat February jobs report eased investors’ concerns about whether inflation is firming. “It’s a fantastic report for the economy,” said Ed Keon, a portfolio manager with QMA. More broadly, the February jobs report gave investors a rosy view of the economy. “One could not obtain a better report from the investor porch,” said David Kotok, chief investment officer at Cumberland Advisors. Photo: Alan Diaz/Associated PressMeanwhile, government bonds weakened following the jobs report.

Source: Wall Street Journal March 09, 2018 02:08 UTC