Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along.
The S&P 500 rose 1.1 percent Friday. The Dow Jones Industrial Average rose 307 points and the Nasdaq composite rose 1.2 percent.
U.S. employers added a surprisingly strong number of jobs in March, while modest gains in wages eased some fears of a renewed spike in inflation. Wall Street is still betting the Federal Reserve will start cutting interest rates in June. Treasury yields rose in the bond market.
On Friday:
The S&P 500 rose 57.13 points, or 1.1 percent, to 5,204.34.
The Dow Jones Industrial Average rose 307.06 points, or 0.8 percent, to 38,904.04.
The Nasdaq composite rose 199.44 points, or 1.2 percent, to 16,248.52.
The Russell 2000 index of smaller companies rose 9.64 points, or 0.5 percent, to 2,063.47.
For the week:
The S&P 500 is down 50.01 points, or 1 percent.
The Dow is down 903.33 points, or 2.3 percent.
The Nasdaq is down 130.94 points, or 0.8 percent.
The Russell 2000 is down 61.08 points, or 2.9 percent.
For the year:
The S&P 500 is up 434.51 points, or 9.1 percent.
The Dow is up 1,214.50 points, or 3.2 percent.
The Nasdaq is up 1,237.17 points, or 8.2 percent.
The Russell 2000 is up 36.40 points, or 1.8 percent.
The Epoch Times copyright © 2024. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
