Markets Reclaim Most of Week's Lost Ground

Dow rises 219
By Newser Editors and Wire Services
Posted Jun 1, 2018 3:24 PM CDT
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Thursday, May 31, 2018.   (AP Photo/Richard Drew)

(Newser) – The stock market clawed back most of the ground it lost earlier this week following a surprisingly robust jobs report for last month. The Dow Jones industrial average rose 219 points, or 0.9%, to 24,635, per the AP. The Nasdaq composite climbed 112 points, or 1.5%, to 7,554, and the S&P 500 rose 28 points, or 1.1%, to 2,734. Technology companies led the way higher Friday, as they have all year. Alphabet, Google's parent company, climbed 3.2% and Apple increased 1.8%. Bond yields and the dollar also rose after the government report showed that the job market continued to strengthen in May.

(Read more stock market stories.)

My Take on This Story
Show results  |