Strong hiring report sends stocks higher
The New York Stock Exchange is seen on Feb. 16, 2017. Credit: AFP / Getty Images / Bryan R. Smith
Stocks are closing higher on Wall Street after the government reported another solid month of hiring by U.S. employers.
Bond prices fell and yields rose Friday, which sent shares of banks and financial companies surging. Bank of America gained 2.5 percent.
Technology companies also climbed. Microchip Technology rose 3.5 percent.
Weight Watchers soared 25 percent after reporting a strong quarter while Viacom, the media company that owns Comedy Central and MTV, sank 13.8 percent.
The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,476.
The Dow Jones industrial average rose 66 points, or 0.3 percent, to 22,092. The Nasdaq composite climbed 11 points, or 0.2 percent, to 6,35.
The yield on the 10-year Treasury note rose to 2.26 percent.
Sarra Sounds Off, Ep. 17: Olympics a possibility for Long Beach wrestler? On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra talks with Long Beach wrestler Dunia Sibomana-Rodriguez about pursuing a third state title and possibly competing in the Olympics in 2028, plus Jared Valluzzi has the plays of the week.
Sarra Sounds Off, Ep. 17: Olympics a possibility for Long Beach wrestler? On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra talks with Long Beach wrestler Dunia Sibomana-Rodriguez about pursuing a third state title and possibly competing in the Olympics in 2028, plus Jared Valluzzi has the plays of the week.
