NewsBreak: Stocks Soar After Bullish Jobs Report

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Investing.com – Stocks on Wall Street surged Friday after the Labor Department reported a larger-than-expected gain on nonfarm payrolls and a decline in the jobless rate.

  • The rose 1%. The jumped 1.2% with a 332-point gain. The and {20|Nasdaq 100}} indices climbed about 1% and 1.1%, respectively. The Index hit a 52-week high and was up about 1%
  • The gains were almost instantaneous with the release of the jobs report showing a gain of 266,000 in November and a 3.5% unemployment rate.
  • A host of stocks hit new highs, including Apple (NASDAQ:), JPMorgan Chase (NYSE:), Nike (NYSE:), Google parent Alphabet (NASDAQ:). Ulta Beauty (NASDAQ:) was up 13.2% after better-than-expected quarterly results and easily led the S&P 500 and the . Boeing (NYSE:), up 1.87%, nonetheless contributed 44 points to the Dow’s gain.
  • Oil prices were higher after OPEC agreed to more production cuts. crude was up 66 cents to 59.09. Interest rates moved higher; fell in New York.
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