Markets Right Now: Strong hiring sends stocks, yields up

NEW YORK — The latest on developments in financial markets (all times local):

4 p.m.

Stocks and bond yields rose sharply on Wall Street after the government reported a big increase in hiring last month.

Investors were relieved Friday to see that wage growth slowed. A jump in wages a month ago raised worries about inflation.

Technology companies wiped out the last of their losses from a steep market plunge a month ago. Banks climbed in tandem with interest rates.

Friday marks nine years since the beginning of the current bull market, the second-longest since World War II.

The S&P 500 rose 47 points, or 1.7 percent, to 2,786.

The Dow Jones industrial average jumped 440 points, or 1.8 percent, to 25,335. The Nasdaq rose 132 points, or 1.8 percent, to 7,560, another record high.

The yield on the 10-year Treasury rose to 2.90 percent.

___

11:45 a.m.

Stocks and bond yields rose on Wall Street after the government reported a big increase in hiring last month.

Investors were relieved Friday to see that wage growth slowed down. A jump in wages a month ago raised worries about inflation and spooked investors.

Technology companies are climbing and banks are rising in tandem with interest rates.

Friday marks the ninth birthday of the current bull market, which is the second-longest since World War II.

The S&P 500 rose 29 points, or 1.1 percent, to 2,768.

The Dow Jones industrial average gained 271 points, or 1.1 percent, to 25,166. The Nasdaq rose 90 points, or 1.2 percent, to 7,517, on its way to a record high.

Bond prices fell. The yield on the 10-year Treasury rose to 2.90 percent.

___

9:35 a.m.

Stocks and bond yields rose in early trading on Wall Street after the government reported a surprisingly big increase in hiring last month.

The Labor Department reported early Friday that U.S. employers added 313,000 jobs in February, more than anticipated and the most since July 2016.

Wages also grew, but not as much as in January. An unexpected jump in wages a month ago raised worries about inflation and spooked investors.

Friday marks the ninth birthday of the current bull market, which is the second-longest since World War II.

The Standard & Poor's 500 index rose 14 points, or 0.5 percent, to 2,753.

The Dow Jones industrial average gained 141 points, or 0.6 percent, to 25,036. The Nasdaq composite rose 47 points, or 0.7 percent, to 7,477.

You may also like these

Asian stocks mostly higher after Wall Street...

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined

Asian stocks climb on signs US rate hike off...

Aug 18, 2016

Asian stocks rose Wednesday after Wall Street edged higher on news the U.S. Federal Reserve is in...

China promises cooperation on steel at global...

Sep 5, 2016

China promises cooperation on steel at global summit amid pressure for trade curbs

McDonald's sells China business in deal worth up...

Jan 9, 2017

Fast-food giant McDonald's is selling a controlling stake in its China business to a group of...

China exports shrink as Trump trade tensions loom

Jan 13, 2017

China's exports fell back into contraction again last month, signaling renewed weakness for the...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!