US stocks rise toward their record after the latest jobs report calms the rattled bond market

NEW YORK (AP) — Some relief is returning to the rattled U.S. bond market after the latest jobs report cooled worries that a potentially hot economy could make inflation worse. The resulting drop in bond yields early Friday helped stocks jump back toward their all-time high.

The Dow Jones Industrial Average rose 357 points, and the Nasdaq composite climbed 1.2%. All of Wall Street got a jolt after the government said employers added 29,000 jobs to their payrolls last month, fewer than expected and a slowdown from August. The yield on the 10-year Treasury eased to 5.20%.THIS IS A BREAKING NEWS UPDATE.

AP’s earlier story follows below.U.S. futures are climbing as oil prices ease and investors await the U.S. monthly jobs report due later in the day.Futures for the S&P 500 and Dow Jones Industrial Average both rose 0.5% on Friday.

Nasdaq futures gained 0.7%.Oil prices declined as the U.S. pressures Europe to release diesel reserves. On Thursday Treasury Secretary Scott Bessent said in a post on social media platform X that the U.S.'s European partners should make deliveries of existing commitments faster and make additional supplies immediately available.“American farmers, truckers, and businesses should not be left carrying the burden of a global diesel shortage,” he wrote.

We look to our allies to match their commitments with action.”The push on Europe comes as the U.S. sent another aircraft carrier and more troops to the Middle East, and as President Donald Trump threatened more possible escalations against Iran.The U.S. military is deploying thousands of troops aboard a group of ships, including a third aircraft carrier, to the Middle East, according to a U.S.

official on Thursday, after Trump on Wednesday threatened to “blow them up” or make a deal, referring to Iran, in an exchange with reporters.Brent crude, the international standard, lost 2.4% to below $100 a barrel, at $99.88, after advancing on Thursday. That’s still well above the approximately $72 per barrel level in late February before the war. crude declined 3.7% to $89.47 a barrel.Investors and traders are monitoring closely the U.S.