Stocks rose Friday, with the Dow Jones Industrial Average DJIA, +2.12% logging its biggest point gain of 2023 after a strong May jobs report. The Dow rose around 701 points or 2.
1%, according to preliminary figures. The S&P 500 SPX, +1.45% jumped 1.5% to close near 4,282, just shy of the 4,292.84 level that would mark an exit from bear-market territory for the large-cap benchmark. The Nasdaq Composite COMP, +1.07% rose 1.1%.
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Payrolls rose 339,000 in May, much better than expected in resilient labor marketThe U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday. Read more:
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Stocks end higher as debt-ceiling worries fadeStocks finished higher Thursday, finding relief a day after the House passed a debt-ceiling bill that still needs to clear the Senate. The Dow Jones Industrial Average rose around 154 points, or 0.9%:
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Verizon, AT&T stocks sink and Dish shares soar, on reports of talks with Amazon to offer mobile service to Prime membersShares of Verizon Communications Inc. sank 2.6% in morning trading Friday, to pace the Dow Jones Industrial Average’s decliners, after Bloomberg reported...
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