Jobs Report Lifts Markets to Strong Finish

Dow rises nearly 200 points
By Newser Editors and Wire Services
Posted May 3, 2019 3:13 PM CDT
In this March 12, 2019, file photo, specialists James Denaro, left, and Mario Picone work at a post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks rose broadly on Wall Street Friday, erasing the market's losses from a day earlier and helping the S&P 500 to its second straight weekly gain. Investors welcomed the government's latest snapshot of US employment, which showed that job growth surged in April past economists' forecasts and unemployment fell to a five-decade low. Technology companies, banks, communications, and consumer-focused stocks helped drive much of the day's rally. The S&P 500 rose 28 to 2,945, the Dow Jones Industrial Average rose 197 to 26,504, and the Nasdaq rose 127 to 8,164, per the AP. (Read more stock market stories.)

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