Wall Street Gains Ground Following a Stronger-Than-Expected Report on the US Job Market
2 days ago
Stocks are rising on Wall Street following a stronger-than-expected report on the U.S. job market. The S&P 500 climbed 1.3% in morning trading Friday, putting the index on track for a ninth straight day of gains. The Dow Jones Industrial Average added 449 points, or 1.1%, and the Nasdaq composite was up 1.4%. Employers added 177,000 jobs in April, more than forecast. However the latest job figures don't yet reflect the effects on the economy of President Donald Trump’s across-the-board tariffs against America's trading partners. Treasury yields rose in the bond market.