From NASDAQ: 2024-04-08 09:38:00

On Friday, Wall Street soared, boosted by tech and energy sectors on positive jobs data. The Dow Jones gained 307.06 points to close at 38,904.04. The Nasdaq climbed 199.44 points to 16,248.52, while the S&P 500 rose 57.13 points to 5,204.34. All three indexes closed in the green with 11 sectors advancing.

The U.S. added 303,000 new jobs in March, surpassing expectations, signaling a strong labor market. Sectors showing gains were healthcare, government, and construction. The unemployment rate stayed at 3.8%, reflecting stable numbers. Average hourly earnings rose 0.3%, supporting a robust jobs market and potential delay in Fed rate cuts.



Read more at NASDAQ: Stock Market News for Apr 8, 2024