Dow ends up 100 points, stocks post solid weekly gains ahead of Labor Day

U.S. stocks closed mostly higher on Friday, capping off a week of gains before the Labor Day holiday. The Dow Jones Industrial Average DJIA, +0.33% rose about 116 points, or 0.3%, ending near 34,838, according to preliminary FactSet data, while the S&P 500 index SPX, +0.18% gained 0.2% and the Nasdaq Composite Index COMP, -0.02% ended virtually flat.

Investors cheered signs of slowing in the labor market, with an August jobs report showing the U.S. added more jobs for the month, but the unemployment rate ticked up to 3.8% from 3.5% a month before. So far, the U.S. has added almost 26 million jobs in roughly three years, a figure that’s about equivalent to the size of Australia’s economy, according to BlackRock. For the week, the Dow gained 1.4%, the S&P 500 added 2.5% and the Nasdaq climbed 3.3%, according to FactSet.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow snaps 4-day win streak on mixed economic data By Investing.comStock Market Today: Dow snaps 4-day win streak on mixed economic data
Source: Investingcom - 🏆 450. / 53 Read more »

Yes, the stock market is closed for Labor Day on MondayThe U.S. stock market is closed for Labor Day on Monday, Sept. 4, along with the roughly $25 trillion Treasury market.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks on course for weekly gains ahead of Labor Day weekendAll three major U.S. stock benchmarks were on track Friday afternoon to notch weekly gains ahead of the three-day holiday weekend honoring Labor Day. The Dow...
Source: MarketWatch - 🏆 3. / 97 Read more »