S&P Sees Fresh Closing High, DJIA Up 0.4%
ICM Brokers | Sep 08, 2014 02:08AM ET
Dow Jones
The Dow Jones industrial average (DJI) rose 67.78 points, or 0.4 percent, to 17,137.36. The S&P 500 was up 10.06 points, or 0.5 percent, to 2,007.71. The NASDAQ Composite added 20.61 points, or 0.45 percent, to 4,582.90. U.S. stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon. Stocks had traded lower after the government reported fewer U.S. jobs were created in August than expected. "The nonfarm payroll numbers fell well short of expectations, but the market reaction suggests a stronger-than-consensus number might have been met with a downward bias in equities," said Jim Russell, senior equity strategist at U.S. Bank Wealth Management in Cincinnati.
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