U.S. stocks rose to more records after a report on the job market bolstered hopes that interest rates may soon get easier.
The S&P 500 climbed 0.5 percent to set an all-time high for a third straight day and close its ninth winning week in the last 11. The Dow Jones Industrial Average rose 0.2 percent, and the Nasdaq composite added 0.9 percent to its own record.
Treasury yields sank following the jobs data, which reinforced belief on Wall Street that the U.S. economy will stay in a not-too-hot but not-too-cold state and that the Federal Reserve will cut rates later this year.
On Friday:
The S&P 500 rose 30.17 points, or 0.5 percent, to 5,567.19.
The Dow Jones Industrial Average rose 67.87 points, or 0.2 percent, to 39,375.87.
The Nasdaq composite rose 164.46 points, or 0.9 percent, to 18,352.76.
The Russell 2000 index of smaller companies fell 9.90 points, or 0.5 percent, to 2,026.73.
For the week:
The S&P 500 is up 106.71 points, or 2 percent.
The Dow is up 257.01 points, or 0.7 percent.
The Nasdaq is up 620.16 points, or 3.5 percent.
The Russell 2000 is down 20.96 points, or 1 percent.
For the year:
The S&P 500 is up 797.36 points, or 16.7 percent.
The Dow is up 1,686.33 points, or 4.5 percent.
The Nasdaq is up 3,341.41 points, or 22.3 percent.
The Russell 2000 is down 0.35 points, or less than 0.1 percent.
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