clear
Tuesday August 30th, 2016 12:56AM

Stock market jumps after strong jobs report; Dow up 198

By The Associated Press
NEW YORK (AP) -- Stocks closed 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.
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.