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Wall St rises after jobs data; debt default averted

News Snapshot:

Summary Summary Companies Nasdaq set for best weekly winning streak since Jan 2020 Data shows jobless rate at 3.7% in May; wage growth moderates Amazon up on report of co in talks for low-cost mobile services Materials, industrials lead S&P sectoral gains Indexes up: Dow 1.07%, S&P 0.68%, Nasdaq 0.36% June 2 (Reuters) – U.S. stock indexes rose on Friday after a moderation in wage growth in May boosted bets that the Federal Reserve will skip raising interest rates this month, while investors cheered the country averting a catastrophic debt default. The tech-heavy Nasdaq index (.IXIC) touched its highest intraday…

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