U.S. stocks end at records as tech powers equities to fourth straight daily gain

Discussion in 'Market News' started by sniper-academy, Jan 6, 2018.


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  1. sniper-academy

    sniper-academy Administrator Staff Member

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    U.S. stocks rose on Friday, with major indexes finishing at all-time highs again after the December jobs report showed that the labor market remained strong. The Dow Jones Industrial Average rose 210 points, or 0.8%, to 25,289. The S&P 500 gained 19 points, or 0.7%, to 2,743. The Nasdaq Composite Index added 59 points, or 0.8%, to 71,37. All three closed at records, and have yet to have a negative session in 2018. Friday also marked the fourth straight record close for the S&P and the Nasdaq. For the week, the Dow gained 2.3%, the S&P was up 2.6%, and the Nasdaq was up 3.4%. Both the S&P and the Nasdaq had their biggest weekly percentage gain since November 2016. Technology stocks were among the day's biggest gainers, with Microsoft Corp. up 1.2% and Facebook gaining 1.4%. In the latest economic data, the U.S. created 148,000 jobs in December. This was the slowest pace in three months, and below the 198,000 increase that economists polled by MarketWatch had predicted. However, the report isn't likely to alter Federal Reserve policy with respect to interest rates.

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