Stock Market Today: Wall Street Edges Higher Following Data That Shows Labor Market Is Cooling

Stock Market Today: Wall Street Edges Higher Following Data That Shows Labor Market Is Cooling
Traders work on the floor at the New York Stock Exchange in New York on July 1, 2022. Seth Wenig/AP Photo
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A choppy day of trading on Wall Street ended Friday with slight gains for stocks, as the market notched its second straight winning week.

The market got a boost early on from a closely watched government report that showed U.S. job growth increased at a healthy, but more moderate pace last month. The report supports investors’ hopes that the Federal Reserve will hold off on raising interest rates again in its bid to lower inflation.