Wall Street rallies on jobs data, debt default averted
By Herbert Lash and Shreyashi Sanyal (Reuters) – U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default. The tech-heavy Nasdaq index surged a 13-month intraday high and posted its sixth-straight week of gains that mark its best winning […]