Dow, S&P 500 end at record highs on jobs news

Stocks posted healthy gains Friday -- the Dow and S&P 500 powering past all-time closing highs -- on the back of a stronger-than-expected May employment report, with 217,000 jobs created.

For the second straight day, the Dow Jones industrial average and the Standard & Poor's 500 index closed at record highs -- for the third time this week.

The Dow closed up 86 points, 0.4%, to 16,922, and the S&P 500 ended up 9 points, 0.4%, to 1949. The tech-laden Nasdaq composite finished up 25 points, 0.5%, to 4321.

Before the market open, the Labor Department said the unemployment rate held steady last month at 6.3%, but the labor market reached a milestone with the recovery of all 8.7 million jobs lost in the recession..

Stocks jumped Thursday as both the Dow and S&P 500 index soared to new all-time closing highs.

In Asia, Japan's Nikkei 225 was little changed at 15,081 while Hong Kong's Hang Seng slipped 0.33% to 23,030.

Contributing: Paul Davidson.


To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment