Published: Sat, May 06, 2017
Economy | By Melissa Porter

How major US stock market indexes fared on Friday

How major US stock market indexes fared on Friday

The Dow Jones Industrial Average edged up 0.3% to 21,006.94.

After a slow March, when hiring likely was held down by a winter storm, the USA economic engine added an estimated 211,000 net new positions in April while the jobless rate fell a tenth to 4.4 per cent, the lowest since May 2007, the Labor Department reported. The bench mark S&P 500 Index and the tech-based NASDAQ Composite closed at record highs as investors prepped for the French presidential elections on Sunday. Exxon Mobil's 1.4-percent decline and Chevron's 2.1-percent drop weighed on the S&P.

U.S. stock indexes were little changed on Thursday as a steep fall for the energy sector countered some solid earnings reports.

The Russell 2000 is up 31.72 points, or 2.3 percent.

The U.S. Federal Reserve's decision to keep interest rates unchanged earlier this week provided the loonie some relief, Pashootan said. But the Fed policymakers hinted at a possible rate hike in June. Unemployment nudged to 4.4 percent compared to 4.5 percent in March.

Universal Display surged more than 20 percent to $108.50 after the company's quarterly revenue blew past analysts' expectations.

Companies with large gains included Apple, up 1.7 per cent and DuPont, up 3.0 per cent, and Tesla Motors, up 4.4 per cent. On the Nasdaq, 1,692 issues fell and 1,068 advanced. Crud prices plunged 15% through Thursday to settle at their lowest level since late November.

The wider S&P 500 index rose 3.89 points to 2,393.41 as investors welcomed the latest U.S. jobs figures.

Oil saw unusual trading patterns overnight, falling by more than $1 a barrel at one point.

Appetite for US equities evaporated even as prices inched higher, with price gains culminating in a Friday afternoon advance that left the benchmark 3 points above its March 1 close.

The S&P 500 posted 55 new 52-week highs and no new lows; the Nasdaq Composite recorded 123 new highs and 67 new lows.

Advancing issues outnumbered declining ones on the NYSE by a 2.66-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favoured advancers.

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