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Stocks jump after US jobs report beats forecasts

6:03 AM, Jun 10, 2013   |    comments
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NEW YORK (AP) - Investors are hoping the stock market continues to move higher today.

Steady growth in hiring last month lifted the market sharply Friday.

U.S. employers added 175,000 jobs in May, slightly more than the 170,000 forecast by economists, according to data provider FactSet. More people also began looking for work, another encouraging sign.

The Dow Jones Industrial average had its best day in five months Friday, rising 207 points, or 1.4 percent, to close at 15,248.. The Standard & Poor's 500 index rose nearly 21 points, or 1.3 percent, to 1,643. The Nasdaq composite rose 45 points, or 1.3 percent.

 

 

 

 

 

Associated Press

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