How major US stock indexes fared Friday, 5/3/2024
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month.
For markets that was a welcome sign that the Federal Reserve’s efforts to fight inflation by slowing the economy with high interest rates might be making some progress. The S&P 500 rose 1.3% Friday, its biggest gain since February. The Dow Jones Industrial Average rose 1.2%. and the Nasdaq composite climbed 2%.
U.S. employers added 175,000 jobs last month, down sharply from a big increase in March. Apple jumped after announcing a mammoth $110 billion stock buyback.
On Friday:
The S&P 500 rose 63.59 points, or 1.3%, to 5,127.79.
The Dow Jones Industrial Average rose 450.02 points, or 1.2%, to 38,675.68.
The Nasdaq composite rose 315.37 points, or 2%, to 16,156.33.
The Russell 2000 index of smaller companies rose 19.61 points, or 1%, to 2,035.72.
Related articles
James Bond producers are set to make a MAJOR change for next 007 theme song
James Bond's newest theme song is set to make a drastic break away from the movie franchise's sorrow2024-06-03Mexico election: Sexist tropes and misinformation swirl online
Mexican voters are poised to elect their first female president, a cause of celebration for many tha2024-06-03Novak Djokovic keeps his French Open title defense going by getting past Lorenzo Musetti in 5 sets
PARIS (AP) — Novak Djokovic’s French Open title defense — and his hold on the No. 1 ranking — are st2024-06-03Holiday throws complete game, Oklahoma State hits 5 HRs to beat Florida 7
STILLWATER, Okla. (AP) — Brian Holiday pitched a complete game, Oklahoma State hit five home runs an2024-06-03Strong earthquakes shake area near Japanese region hit by Jan. 1 fatal disaster, but no tsunami
TOKYO (AP) — Strong earthquakes early Monday struck Japan’s north-central region of Ishikawa that wa2024-06-03- FRANKFURT, Germany (AP) — Flooding, high river levels and heavy rain led to the death of a firefight2024-06-03
atest comment