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US stocks, dollar rise as jobs data top estimate

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Washington - US stocks rose with the dollar while Treasuries maintained declines after unexpectedly strong hiring data bolstered confidence in the strength of the American economy. Crude fell below $45 a barrel.

Broad-based payroll gains that topped estimates boosted sentiment among equity investors a day after stocks suffered the biggest drop in six weeks.

The Bloomberg Dollar Spot Index briefly erased gains as tepid wage growth stoked concern that inflationary pressure remains weak as the Federal Reserve signals its intent to tighten monetary policy. The 10-year Treasury yield climbed to 2.39 percent. Gold futures turned lower.

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