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The Dow Jones Industrial Average and other major stock indexes ended the week on a high note thanks to renewed hope for interest rate cuts later this year. That’s because data from the Bureau of Labor Statistics showed that the U.

Job growth in the US cooled last month and the unemployment rate ticked higher, in a sign that some of the heat may be coming out of the world's largest economy. Employers added 175,000 positions in April,

U.S. job growth slowed more than expected in April and annual wage gains cooled, but it is probably too early to expect that the Federal Reserve will start cutting interest rates before September as the labor market remains fairly tight.

The Labor Department's Bureau of Labor Statistics said Friday that a net 175,000 new jobs were created in April, down from the upwardly revised total of 315,000 recorded in March and firmly shy of the first-quarter average of around 276,