Tag: blowout
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Dow closes at record high after blow-out jobs report
Stocks advanced on Friday after an expectation-defying jobs report gave investors confidence around the health of the economy. The S&P 500 rose 0.9% to 5,751.07, while the Nasdaq Composite jumped 1.22% to 18,137.85. The Dow Jones Industrial Average added 341.16 points, or 0.81%, to notch an all-time closing high of 42,352.75. Stocks rallied after data showed nonfarm payrolls grew by 254,000 jobs in…