US stocks saw a boost despite rising yields thanks to strong jobs data and a tentative agreement reached by striking dockworkers. Here’s a breakdown of the closing levels:
– The Dow industrial average increased by 341.16 points or 0.81% to 42,352.75
– The S&P index went up by 51.13 points or 0.90% to 5,751.07
– The NASDAQ index saw a rise of 219.37 points or 1.22% to 18,137.85
Additionally, the small-cap Russell 2000 experienced a 1.50% increase, gaining 32.65 points to reach 2,212.79.
Looking at the trading week as a whole:
– The Dow industrial average managed to turn things around, closing the week with a 0.09% gain of 39.75 points
– The S&P index also ended on a positive note, with a 0.22% increase of 12.90 points
– The NASDAQ index saw a slight uptick of 0.10%, gaining 18.26 points
– However, the Russell 2000 wasn’t as fortunate, closing the week down by -0.53% or -11.90 points.
Overall, the US stock market saw significant gains fueled by positive economic indicators and resolution of labor disputes. This upward momentum bodes well for investor confidence and market stability moving forward.
