Stock Market Continues Rise for Second Day as Job Growth Exceeds Expectations
- The stock market is increasing for the second day in a row as more jobs were added last month than analysts predicted.
- Technology companies and retailers saw their shares rise the most while gold prices dropped due to lessening recession worries.
- Several major retailers reported quarterly earnings that exceeded Wall Street's forecasts.
- Lawmakers are moving closer to reaching an agreement to raise the debt ceiling to avoid default.
- The Federal Reserve is preparing to reduce its support for the economy by stopping monthly asset purchases.