U.S. Stocks Climb to Records on Signs of an Economic Rebound

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The Dow industrials and the S&P 500 closed at record highs as stocks surged on signs the economy is recovering from the pandemic

The Dow Jones Industrial Average and S&P 500 surged to records on Monday as a strong jobs report and data showing a rebound in the services sector cheered investors hoping for a robust economic recovery.

The Dow gained 373.98 points, or 1.1%, to close at 33527.19. The broad S&P 500 climbed 58.04 points, or 1.4%, to 4077.91.With the U.S. stock market closed Friday, it was the market’s first reaction to the latest jobs report, which showed that U.S. hiring jumped in March. Employers added a seasonally adjusted 916,000 jobs last month,.

Many businesses laid off workers last year as state and local governments imposed measures to contain the spread of the coronavirus. New applications for unemployment benefits have trended down since then and

 

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