Jobs Report Lifts Stocks

Dow rises another 40
By Newser Editors and Wire Services
Posted Apr 5, 2019 3:51 PM CDT
Jobs Report Lifts Stocks
Trader John Panin works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

Stocks closed broadly higher on Wall Street, wrapping up another solid week of gains for the market, the AP reports. Health care and energy companies pulled the market higher Friday: Cigna rose 2.9% and Marathon Petroleum climbed 3.5%. Traders also were encouraged by a report from the Labor Department showing that US employers ramped up hiring last month following meager job additions in February. The S&P 500 rose 13 points, or 0.5%, to 2,892, and the index rose 2.1% this week. The Dow Jones Industrial Average rose 40 points, or 0.2%, to 26,425. The Nasdaq rose 46 points, or 0.6%, to 7,938. Bond prices rose, and the yield on the benchmark 10-year Treasury fell to 2.5%. (More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.