Dow Jones Jumps on Improving Employment Numbers

By: AP Email
By: AP Email

NEW YORK (AP) - Stocks are closing sharply higher after the U.S. government reported a big increase in hiring last month.

The Dow Jones industrial average jumped 198 points, or 1.3 percent, to 16,020 Friday.

The Standard & Poor's 500 index rose 20 points, or 1.1 percent, to 1,805. The Nasdaq composite rose 29 points, or 0.7 percent, to 4,062.

It was the first increase for the market after five days of losses. The S&P 500 still ended the week with a slight loss, the first after eight weeks of gains.

Industrial stocks and others that tend to benefit when the economy is growing posted some of the biggest gains. Intel led the Dow higher.

The government reported that U.S. employers added 203,000 jobs in November, the fourth straight month of solid growth.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 234798271 - kolotv.com/a?a=234798271
Gray Television, Inc.