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Edward Jones

Stocks rise as tepid jobs report stokes hopes for low rates

U.S. stocks rose Friday as investors found some positive aspects in a middling employment report. Job growth slowed in August, and traders hope that will convince the Federal Reserve to wait before raising interest rates.

Stocks started the day with big gains following the Labor Department's job report. Energy companies rose more than the rest of the market as oil prices broke out of a four-day slump. The gains were broad, but the stocks that rose the most were utilities, which would stand to benefit if interest rates remain low.

Kate Warne, investment strategist for Edward Jones, said the jobs report was good but not great. That actually helped send the market higher...

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