Stocks pushed higher on Wall Street, leaving the market with its sixth weekly gain in a row. That’s the longest such winning streak in four years.
The gains Friday came after a report showed the job market isn’t slowing as much as expected. The S&P 500, the Dow and the Nasdaq composite each gained 0.4 percent. Treasury yields rose more sharply following the report, which said U.S. employers added more jobs than economists expected last month.
The strong data keep concerns about a recession at bay, but the worry is a strong economy could also give inflation more fuel.
On Friday:
The S&P 500 rose 18.78 points, or 0.4 percent, to 4,604.37.
The Dow Jones Industrial Average rose 130.49 points, or 0.4 percent, to 36,247.87.
The Nasdaq composite rose 63.98 points, or 0.4 percent, to 14,403.97.
The Russell 2000 index of smaller companies rose 12.57 points, or 0.7 percent to 1,880.82.
For the week:
The S&P 500 is up 9.74 points, or 0.2 percent.
The Dow is up 2.37 points, or less than 0.1 percent.
The Nasdaq is up 98.94 points, or 0.7 percent.
The Russell 2000 is up 18.18 points, or 1 percent.
For the year:
The S&P 500 is up 764.87 points, or 19.9 percent.
The Dow is up 3,100.62 points, or 9.4 percent.
The Nasdaq is up 3,937.49 points, or 37.6 percent.
The Russell 2000 is up 119.57 points, or 6.8 percent.
The Epoch Times copyright © 2023. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
