U.S. stocks rally on strong jobs report

U.S. stocks closed higher Friday to finish the week on an upbeat note on the back of a better-than-expected jobs report. The U.S. created 213,000 new jobs in June, more than the 200,000 that had been forecast, an indication that the U.S. economy remains on its expansionary path. The Dow Jones Industrial Average DJIA, +0.41% gained 99 points, or 0.4%, to 24,456 for a weekly advance of 0.8%. The S&P 500 SPX, +0.85% rose 23 points, or 0.8%, to 2,759 to close up 1.5% higher on the week while the Nasdaq Composite Index COMP, +1.34% added 101 points, or 1.3%, to 7,688 for weekly gain of 2.4%.

See Full Story Stock market ends week solidly higher after jobs report; Biogen logs best day since 2004

U.S. stock benchmarks close solidly higher Friday, helping the three main benchmarks book a second straight session of gains after a read on the labor market came in stronger than expected, supporting the thesis that economic fundamentals remain healthy despite trade-war anxieties.

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