U.S. stocks rose to more records following a mixed report on the U.S. job market.
The S&P 500 climbed 0.6% Friday and topped its prior all-time high set earlier in the week. The Dow Jones Industrial Average added 0.5% and set its own record, while the Nasdaq composite rose 0.8%.
Treasury yields were mixed following the jobs update, which may delay another cut to interest rates by the Federal Reserve but does not slam the door on it. The U.S. Labor Department said employers hired fewer workers than economists expected, but the unemployment rate was better than expected.
On Friday:
The S&P 500 rose 44.82 points, or 0.6%, to 6,966.28.
The Dow Jones Industrial Average rose 237.96 points, or 0.5%, to 49,504.07.
The Nasdaq composite rose 191.33 points, or 0.8%, to 23,671.35.
The Russell 2000 index of smaller companies rose 20.32 points, or 0.8%, to 2,624.22.
Jennifer Winkler reports more than $105K raised as HD 74 GOP Primary intensifies
Why the Pittsburgh Post-Gazette’s closure exposes a growing threat to democracy
Advisor News
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
- Most Gen Z investors think less than a year ahead when making financial decisions
- IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
- Help child-free clients plan for their later years
More Advisor NewsAnnuity News
- Guidance, bulletin or reg? NAIC debates form of annuity illustration update
- Nationwide adds mutual fund-linked strategy to New Heights Select FIA
- NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
- NAIC working group pressed to accelerate annuity illustration overhaul
- State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity NewsHealth/Employee Benefits News
Life Insurance News