The US stocks continued upward journey on Monday, 05 April 2021, with the Dow Jones Industrial Average and S&P 500 surging to records, thanks to better than expected jobs reports and the services sector data.
At the close of trade, the Dow Jones Industrial Average index advanced 373.98 points or 1.13% to 33,527 and the S&P 500 added 58.04 points or 1.44% to 4,078. The tech-heavy Nasdaq Composite Index climbed up 225.49 points or to 1.67% 13,706.
With the U. S. stock market closed Friday, it was the market's first reaction to the latest jobs report, which showed that U. S. hiring jumped in March. Employers added a seasonally adjusted 916,000 jobs last month. Investors were further encouraged by a report Monday showing that the services sector recorded record growth in March as orders, hiring and prices surged.