(Bloomberg) -- Wall Street traders refrained from making big bets on stocks in the run-up to Friday’s jobs report, with higher oil prices adding to concerns about inflation and lifting bond yields.

US stocks rallied the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse.

US stocks are rallying to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse.