Wall Street rallied after the latest jobless data renewed investors’ faith in the U.S. economy. The S&P 500 posted its best day since November 2022, climbing 2.3%, while the Nasdaq Composite jumped 2.87%. The Dow Jones Industrial Average soared 683 points. Technology stocks, beaten on Monday, rebounded. Chipmakers Nvidia and Broadcom both jumped more than 6%. The 10-year Treasury yield hit 4% a level last seen before Friday’s disappointing jobs data sent markets reeling. U.S. oil prices rose 1%. @CNBC
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