WOW - Dow Jumps Over 400 Points; US Adds 175000 Jobs In April | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones index surging over 400 points on Friday.
Following the market opening Friday, the Dow traded up 1.17% to 38,673.45 while the NASDAQ rose 1.76% to 16,120.20. The S&P 500 also rose, gaining, 1.04% to 5,116.83.
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Leading and Lagging Sectors
Information technology shares rose by 2.5% on Friday.
In trading on Friday, energy shares fell by 0.6%.
Top Headline
U.S. employers added 175,000 nonfarm payrolls in April, marking a reduction from the upwardly revised 315,000 reading in March and missing the expected 238,000, the Bureau of Labor Statistics said Friday.
The unemployment rate went from 3.8% to 3.9%, more than the expected 3.8%. Average hourly earnings edged down from 4.1% to 3.9% compared to April 2023, falling more than the expected dip to 4%.
Equities Trading UP
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