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Key indices ended sharply higher, as US hiring rose broadly in September with slowing wage growth

On Wall Street yesterday, key indices ended sharply higher, led by technology shares, as investors assessed a jobs report that showed US hiring rose broadly in September with slowing wage growth. Information technology was up the most of any S&P 500 sector, followed by communication services. 
 
The Dow Jones Industrial Average climbed 288 points, or 0.9 percent, to end at 33,408. The S&P 500 jumped 50 points, or 1.2 percent, to close at 4,309. And the Nasdaq Composite advanced 212 points, or 1.6 percent, to 13,431.
 
In economic data in the US, non-farm payrolls increased by 336,000 jobs last month, the Labor Department said in its closely watched employment report yesterday.
 
Monthly wage growth remained moderate, with average hourly earnings rising 0.2 percent after a similar gain in August. In the 12 months through September, wages increased 4.2 percent.

Wages are still rising faster than the 3.5 percent pace that economists say is consistent with the Fed's 2 percent inflation target.