Stocks higher on big April jobs report, falling unemployment

U.S. stocks rose Friday as the jobs report showed hiring surged in April, creating 263,000, far higher than the 185,000 analysts had expected.

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The Labor Department also said unemployment dropped to 3.6 percent, beating analysts’ expectations of 3.8 percent and the lowest rate since 1969.

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The gains lifted the broad-based S&P 500 into positive territory for the week.

Shares of Beyond Meat extended their huge surge on Thursday when, during their initial public offering, the stock soared more than 150 percent. That gave the Los Angeles-based corporation a market value well above $3.5 billion.

Ticker Security Last Change %Chg BYND BEYOND MEAT INC. 71.00 +5.25 +7.98% AMZN AMAZON.COM INC. 1,961.01 +60.19 +3.17%

Berkshire Hathaway has been purchasing shares of Amazon, Warren Buffett told CNBC. That helped lift shares of the online giant.

Consumer cyclical and energy stocks were leading the session gainers.

Ticker Security Last Change %Chg NWL NEWELL BRANDS INC. 16.44 +1.79 +12.22% MNST MONSTER BEVERAGE CORP. 63.61 +5.62 +9.69% MPC MARATHON PETROLEUM CORP 59.81 +1.12 +1.91%

The yield on the 10-year Treasury eased fractionally to 2.53 percent.

Crude oil prices fell. West Texas Intermediate, the benchmark U.S. crude oil, slipped to $61.80 per barrel.

Ticker Security Last Change %Chg I:DJI DOW JONES AVERAGES 26521.32 +213.53 +0.81% SP500 S&P 500 2946.69 +29.17 +1.00% I:COMP NASDAQ COMPOSITE INDEX 8156.741275 +119.97 +1.49%

China’s Shanghai Composite closed up 0.52 percent, the Hang Seng added 0.46 percent and Japan’s Nikkei 225 slipped 0.22 percent.

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Britain’s FTSE 100 was up 0.78 percent, France’s CAC 40 added 0.29 percent and Germany’s DAX 0.46 percent.

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