US stock market today: Wall street edge up & yields spike;...

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US stock market today: Wall street edge up & yields spike; S&P 500 hits fresh record after job data

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US stocks edged higher, with the S&P 500 reaching a new high, as strong jobs data tempered expectations for a July rate cut by the Federal Reserve, causing Treasury yields to surge. The market rally followed a surprisingly robust US jobs report, leading investors to reassess the likelihood of an imminent rate cut.

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