U.S. stocks rallied for a fourth day after a weak jobs data added to bets the Federal Reserve will cut Interest Rates. Treasury yields and the US Dollar fell. The S&P 500 Index had its best week since November on speculation the Fed will move to shore up the economy as a report showed employers added the fewest workers in three months and wage gains cooled. Technology shares led the advance in equities, while banks sank. The 10-year bond yield extended its weekly slide. The Peso rose after President Donald Trump said there’s a “good chance” the U.S. will reach a deal to avert imposing trade tariffs on Mexico. After the US Markets closed on Friday President Trump announced that he would not impose a sliding scale of tariffs on goods from Mexico — from 5% to 25% over time — after that nation agreed to take a tougher stance on immigration, which was his goal all along. Mexico did commit to doing more — deploy National Guard troops to help curb illegal migration and agree to care for Central Americans seeking asylum in the U.S. indefinitely as their cases wind through the system. This has helped markets to open higher this morning.
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