Strong Hiring Report Sends Stocks Higher

Dow ends day up 94
By Newser Editors and Wire Services
Posted Jul 7, 2017 3:11 PM CDT
Trader Brian Sears works on the floor of the New York Stock Exchange, Thursday, July 6, 2017.   (AP Photo/Richard Drew)

(Newser) – US stocks closed higher after the government reported a solid pickup in hiring in June, the AP reports. Technology and consumer-focused companies made some of the biggest gains Friday. Facebook rose 1.8% and Applied Materials rose 3.5%. McDonald's rose 2.1%. The positive sign for the job market came a day after a disappointing measure of hiring by private companies, which sent stocks to their biggest loss since mid-May. The Standard & Poor's 500 index rose 15 points, or 0.6%, to 2,425. The Dow Jones industrial average gained 94 points, or 0.4%, to 21,414. The Nasdaq composite increased 63 points, or 1%, to 6,153. (Read more stock market stories.)

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