Oil prices nudged higher and U.S. stocks rose further into record territory on Friday, as investors weighed data on the American jobs market and conflicting signals about the status of the conflict in the Persian Gulf.
U.S. employers added 115,000 jobs last month and the unemployment rate remained at 4.3 percent, tempering concerns about immediate weakness in the labor market.
President Trump insisted on Thursday that a cease-fire with Iran remained intact even after the United States said it had struck Iranian military sites in retaliation for Iran firing on U.S. warships in the Strait of Hormuz. On Friday, Iran’s foreign minister accused the United States of “a reckless military adventure” and of undermining diplomatic efforts to end the war.