Dow leads Wall Street higher as weak jobs data eases Fed rate worries

Wall Street closed higher Friday, with the S&P 500 hitting a record high, after weak U.S. jobs data eased investor concerns about a Federal Reserve rate hike in September. The Dow Jones rose 151.83 points, or 0.28%, to 54,036.93; the Nasdaq gained 1.30%. Nonfarm payrolls fell by 23,000 in July versus expected 80,000 gain, while unemployment slipped to 4.1%. Traders lowered September rate-hike odds to 44%. Strong earnings supported markets, with all three indexes posting their best week since mid-April. Notable movers included SpaceX up 15.8%, Atlassian 35.3%, and Airbnb 17.4% after positive results.