Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Stocks surge the most since March after US reports a pickup in hiring; Monster Beverage sinks
NEW YORK, N.Y. – The stock market had its biggest gain in two months after the U.S. government reported an encouraging pickup in hiring.
The gain of 223,000 jobs in April suggested that the economy may be regaining its footing after a slow start to the year.
The Dow Jones industrial average climbed 266 points, or 1.5 per cent, to 18,190 Friday.
The Standard & Poor’s 500 gained 28 points, or 1.3 per cent, to 2,116. The Nasdaq composite rose 58 points, or 1.2 per cent, to 5,003.
All 10 sectors in the S&P 500 index rose, led by health care companies. It was the biggest gain for the index since March 16.
Monster Beverage sank 10 per cent after its earnings missed estimates.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.14 per cent.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
