The major stock indices closed solidly higher with the NASDAQ index leading the way. The US jobs data was stronger than expectations but with the unemployment rate falling to 4.1%. The nonfarm payroll rose by 147K- higher than the 110K estimate
The final numbers are showing:
- Dow industrial average rose e 344.11 points or 0.77% at 44828.53
- S&P index rose 51.93 points or 0.83% at 6279.35.
- NASDAQ index rose 207.97 points or 1.02% at 20601.10.
- Russell 2000 rose 22.65 points or 1.02% at 2249.03.
For the shortened trading week, the Dow and small cap Russell 2000 led the way. Recall, Tuesday saw the Nasdaq fall -0.82%.The % changes for the week showed:
- Dow industrial average rose 2.30%
- S&P index rose 1.72%
- NASDAQ index rose 1.62%
- Russell 2000 rose 3.52%
for the trading year:
- Dow +5.37%
- S&P index +6.76%
- NASDAQ index +6.68%
- Russell 2000 +0.84%
