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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.

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