NEW YORK – Wall Street indices ended at fresh records Friday, while the dollar tumbled after disappointing US jobs data fueled confidence of continued fiscal and monetary support as the economy recovers from COVID-19.
Economists had projected the economy would add a million positions as vaccines and government stimulus measures allow business to return to normal in the world’s largest economy.
But the United States added only 266,000 jobs, and the March increase was revised lower, while the unemployment rate rose slightly to 6.1 percent, the Labor Department reported.
That amounted to a “bust,” according to Cresset Capital’s Jack Ablin, while economist Joel Naroff …
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