Record Closes for S&P 500, Nasdaq

Dow ends day up 55
By Newser Editors and Wire Services
Posted May 5, 2017 3:16 PM CDT
In celebration of Cinco de Mayo, Constellation Brands brought a Mariachi band to play on the floor of the New York Stock Exchange before the closing bell, Friday, May 5, 2017.   (AP Photo/Richard Drew)

(Newser) – A strong jobs report helped drive the stock market higher, bringing record high closes for the Standard & Poor's 500 index and the Nasdaq composite, the AP reports. Energy companies led the way higher Friday. Rig operator Transocean jumped 8%. US employers added 211,000 jobs in April, the Labor Department reported, which reassured investors that the economy was growing faster after a sluggish first three months of the year. CBS rose 2.1% after reporting higher profits than analysts were expecting. The S&P 500 index rose 9 points, or 0.4%, to 2,399. The Dow Jones industrial average rose 55 points, or 0.3%, to 21,006. The Nasdaq rose 25 points, or 0.4%, to 6,100. (Read more stock market stories.)

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