Provided by Dow Jones
By Caitlin Ostroff U.S. stocks opened higher Monday following a strong jobs report and ahead of fresh data that is expected to show recovery in the U.S. services sector. The Dow Jones Industrial Average rose 267 points, or 0.8%, shortly after the opening bell. The S&P 500 added 0.7% and the Nasdaq Composite also climbed 0.7%. Stock markets Monday have their first chance to react to Friday s jobs report, which showed that U.S. hiring surged in March as the economic recovery accelerated. Employers added a seasonally adjusted 916,000 jobs in March, the best gain since August. The fast pace of hiring has bolstered hopes for a stronger economic rebound and continued driving investors to stocks hardest hit by the pandemic.
Stocks Build on Last Week s Gains
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Provided by Dow Jones
By Caitlin Ostroff U.S. stock futures rose Monday following a strong jobs report and ahead of fresh data that is expected to show recovery in the U.S. services sector. Futures tied to the S&P 500 gained 0.6%, indicating that the broad market gauge could rise after the New York opening bell. Dow Jones Industrial Average futures climbed 0.7% and Nasdaq-100 futures added 0.5%. Stock markets Monday will have their first chance to react to Friday s jobs report, which showed that U.S. hiring surged in March as the economic recovery accelerated. Employers added a seasonally adjusted 916,000 jobs in March, the best gain since August. The fast pace of hiring is likely to bolster hopes for a stronger economic rebound and continue driving investors to stocks hardest hit by the pandemic.
Provided by Dow Jones
By Caitlin Ostroff and Alexander Osipovich U.S. stocks surged Monday as a strong jobs report and new data showing a rebound in the services sector provided fresh evidence that the economy is recovering from the Covid-19 pandemic. The Dow Jones Industrial Average gained 402 points, or 1.2%, while the broad-based S&P 500 climbed 1.4%. Both indexes are on track to close at fresh records. The technology-heavy Nasdaq Composite advanced 1.3%. 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 surged in March as the economic recovery accelerated. Employers added a seasonally adjusted 916,000 jobs in March, the best gain since August. The fast pace of hiring has bolstered hopes for a stronger economic rebound, and it could continue driving investors to stocks hardest hit by the pandemic.
Provided by Dow Jones
By Caitlin Ostroff U.S. stock futures rose Monday following a strong jobs report and ahead of fresh data that is expected to show recovery in the U.S. services sector. Futures tied to the S&P 500 gained 0.5%, indicating that the broad market gauge could rise after the New York opening bell. Dow Jones Industrial Average futures climbed 0.7% and Nasdaq-100 futures added 0.5%. Stock markets Monday will have their first chance to react to Friday s jobs report, which showed that U.S. hiring surged in March as the economic recovery accelerated. Employers added a seasonally adjusted 916,000 jobs in March, the best gain since August. The fast pace of hiring is likely to bolster hopes for a stronger economic rebound and continue driving investors to stocks hardest hit by the pandemic.
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