Stocks pushed higher on Wall Street, leaving the market with its sixth weekly gain in a row. That’s the longest such winning streak in four years.
The gains Friday came after a report showed the job market isn’t slowing as much as expected. The S&P 500, the Dow and the Nasdaq composite each gained 0.4%. Treasury yields rose more sharply following the report, which said U.S. employers added more jobs than economists expected last month.
The strong data keep concerns about a recession at bay, but the worry is a strong economy could also give inflation more fuel.
On Friday:
The S&P 500 rose 18.78 points, or 0.4%, to 4,604.37
The Dow Jones Industrial Average rose 130.49 points, or 0.4%, to 36,247.87.
The Nasdaq composite rose 63.98 points, or 0.4%, to 14,403.97.
The Russell 2000 index of smaller companies rose 12.57 points, or 0.7% to 1,880.82.
For the week:
The S&P 500 is up 9.74 points, or 0.2%.
The Dow is up 2.37 points, or less than 0.1%.
The Nasdaq is up 98.94 points, or 0.7%.
The Russell 2000 is up 18.18 points, or 1%.
For the year:
The S&P 500 is up 764.87 points, or 19.9%.
The Dow is up 3,100.62 points, or 9.4%.
The Nasdaq is up 3,937.49 points, or 37.6%.
The Russell 2000 is up 119.57 points, or 6.8%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
