US stocks rose despite rising yields as US jobs showed strength and striking dockworkers reached a tentative agreement to avoid a long-term closure of the main port.
A snapshot of the closing levels is shown:
- The Dow Jones Industrial Average rose 341.16 points, or 0.81%, to 42,352.75 points.
- The Standard & Poor’s index rose 51.13 points, or 0.90%, to 5,751.07 points.
- The Nasdaq index rose 219.37 points, or 1.22%, to 18,137.85 points.
The Russell 2000 small-cap index rose 32.65 points, or 1.50%, to 2,212.79.
For the trading week:
- The Dow Jones Industrial Average managed to reverse declines and closed higher by 39.75 points, or 0.09%.
- The S&P also moved into positive territory with a gain of 12.90 points, or 0.22%.
- The Nasdaq rose 18.26 points, or 0.10%.
- The Russell 2000 was unable to reverse the previous declines and closed at -11.90 points or -0.53% for the week.
This article was written by Greg Michalowski at www.forexlive.com.
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