Home Business Stocks surge to records as job growth picks up

Stocks surge to records as job growth picks up

3

U.S. equity markets rallied into the record books Friday as investors digested the better-than-expected June jobs report ahead of the holiday weekend. 

The Dow Jones Industrial Average climbed 154 points, or 0.45%, while the S&P 500 and the Nasdaq Composite rose 0.75% and 0.81%, respectively. All three indexes closed at all-time highs ahead of the extended 4th of July weekend.  

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34786.35 +152.82 +0.44%
SP500 S&P 500 4352.34 +32.40 +0.75%
I:COMP NASDAQ COMPOSITE INDEX 14639.325014 +116.95 +0.81%

Nonfarm payrolls increased by 850,000 workers in June as the unemployment rate ticked up to 5.9%, the Labor Department said Friday. Analysts surveyed by Refintiv were expecting the addition of 700,000 and the unemployment rate to fall to 5.7%. May’s reading was revised higher by 24,000 jobs to 583,000. 

TOP SENATORS WORRY…

Click here for full article…www.foxbusiness.com