The S&P 500 touched an all-time high on Friday after a weaker-than-expected U.S. jobs report reshaped expectations for Federal Reserve policy. The benchmark index gained about 0.5% to trade above its previous record closing high, while the Nasdaq Composite climbed roughly 1.1%. The Dow Jones Industrial Average slipped about 0.1% as investors weighed signs of a cooling labor market against the prospect of lower interest rates. Fresh employment figures showed the U.S. economy unexpectedly lost jobs in July, prompting Treasury yields to decline and lifting technology shares.
