Stocks Higher After Strong Jobs Report

Dow once again closes over 22K
By Newser Editors and Wire Services
Posted Aug 4, 2017 3:11 PM CDT
Trader Frank O'Connell, left, works on the floor of the New York Stock Exchange, Wednesday, Aug. 2, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing higher on Wall Street after the government reported another solid month of hiring by US employers, the AP reports. Bond prices fell and yields rose Friday, which sent shares of banks and financial companies surging. Bank of America gained 2.5%. Technology companies also climbed. Microchip Technology rose 3.5%. Weight Watchers soared 25% after reporting a strong quarter while Viacom, the media company that owns Comedy Central and MTV, sank 13.8%. The Standard & Poor's 500 index rose 4 points, or 0.2%, to 2,476. The Dow Jones industrial average rose 66 points, or 0.3%, to 22,092. The Nasdaq composite climbed 11 points, or 0.2%, to 6,352. (Read more stock market stories.)

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