X

Jobs Report Gives a Lift to Markets

Dow rises 372
By Newser Editors and Wire Services
Posted Oct 4, 2019 3:17 PM CDT
Markets End Rough Week on Strong Note
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.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X