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Jobs Report Gives a Lift to Markets

Dow rises 372
By Newser Editors and Wire Services
Posted Oct 4, 2019 3:17 PM CDT
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In this Sept. 13, 2019, file photo, specialist Anthony Rinaldi, left, and trader Patrick Casey work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks marched broadly higher on Wall Street Friday after steady US job gains and a decline in the unemployment rate allayed investors' concerns about slowing growth. The broad gains Friday erased nearly all of the significant losses the market suffered earlier in the week brought on by dismal news on US manufacturing and service industries, per the AP. Apple led gains in technology with an increase of 2.8%. The S&P 500 rose 41 points, or 1.4%, to 2,952, though it still ended the week down 0.3% for its third straight weekly drop. The Dow Jones Industrial Average rose 372 points, or 1.4%, to 26,573, and the Nasdaq added 110 points, also 1.4%, to 7,982. (Read more stock market stories.)

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