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Jobs Report Lifts Stocks

Dow rises another 40
By Newser Editors and Wire Services
Posted Apr 5, 2019 3:51 PM CDT
Trader John Panin works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks closed broadly higher on Wall Street, wrapping up another solid week of gains for the market, the AP reports. Health care and energy companies pulled the market higher Friday: Cigna rose 2.9% and Marathon Petroleum climbed 3.5%. Traders also were encouraged by a report from the Labor Department showing that US employers ramped up hiring last month following meager job additions in February. The S&P 500 rose 13 points, or 0.5%, to 2,892, and the index rose 2.1% this week. The Dow Jones Industrial Average rose 40 points, or 0.2%, to 26,425. The Nasdaq rose 46 points, or 0.6%, to 7,938. Bond prices rose, and the yield on the benchmark 10-year Treasury fell to 2.5%. (Read more stock market stories.)

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