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US stock market jumps after strong jobs report

Stocks jump, breaking a five-day losing streak, after US reports hiring gains last month

Specialist Mario Picone, left, and trader Timothy Nick, center, work on the floor of the New York Stock Exchange Friday, Dec. 6, 2013.  The stock mark...
Trader Richard Newman, left, and specialist Jay Woods work on the floor of the New York Stock Exchange Friday, Dec. 6, 2013.  The stock market is up s...
Trader Glenn Kessler, center, works on the floor of the New York Stock Exchange Friday, Dec. 6, 2013.  The stock market is up sharply after the U.S. g...
A board on the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average,Friday, Dec. 6, 2013.   Stocks close...

Wall Street

Specialist Mario Picone, left, and trader Timothy Nick, center, work on the floor of the New York Stock Exchange Friday, Dec. 6, 2013. The stock mark...

Wall Street

Trader Richard Newman, left, and specialist Jay Woods work on the floor of the New York Stock Exchange Friday, Dec. 6, 2013. The stock market is up s...

Wall Street

Trader Glenn Kessler, center, works on the floor of the New York Stock Exchange Friday, Dec. 6, 2013. The stock market is up sharply after the U.S. g...

Wall Street

A board on the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average,Friday, Dec. 6, 2013. Stocks close...

NEW YORK (AP) -- Stocks are closing sharply higher after the U.S. government reported a big increase in hiring last month.

The Dow Jones industrial average jumped 198 points, or 1.3 percent, to 16,020 Friday.

The Standard & Poor's 500 index rose 20 points, or 1.1 percent, to 1,805. The Nasdaq composite rose 29 points, or 0.7 percent, to 4,062.

It was the first increase for the market after five days of losses. The S&P 500 still ended the week with a slight loss, the first after eight weeks of gains.

Industrial stocks and others that tend to benefit when the economy is growing posted some of the biggest gains. Intel led the Dow higher.

The government reported that U.S. employers added 203,000 jobs in November, the fourth straight month of solid growth.


Updated : 2021-10-20 22:29 GMT+08:00