Stocks end the week on a high note after debt deal

It was a strong week for all three major stock indices, with the market bolstered Friday by strong jobs data and a deal in Washington to raise the U.S. debt ceiling. Nonfarm payrolls grew by 339,000 last month, the U.S. Labor Department reported Friday, allaying investor concerns the economy is spiraling towards a recession. Meanwhile, Congress passed a bipartisan bill to raise the U.S. debt ceiling and avoid a catastrophic default at the start of this month. President Biden is set to sign the legislation into law as early as Friday. Investors also focused on a final slate of first-quarter…