U.S. stocks closed at records for a second straight session on Friday as tepid jobs growth in May highlighted the possibility that the Federal Reserve could raise interest rates just one more time this year rather than the widely expected two. Data from the Labor Department showed that the U.S. economy added 138,000 jobs last month, signficantly below the 185,000 projected in a MarketWatch survey. The S&P 500 climbed 8 points, or 0.3%, to close at 2,438 for a weekly gain of 0.9%. The Dow Jones Industrial Average close up 55 points, or 0.3%, to 21,200, adding 0.6% on the week. The Nasdaq Composite Index rose 58 points, or 0.8%, to close at 6,305, for a weekly rally of 1.5%.
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