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Stocks End Sharply Higher as Strong Jobs Data Lifts Market Sentiment

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Stocks surged in trading on Friday as market sentiment was lifted by better than expected nonfarm payrolls data. All three major indexes finished the day near session highs.

The Dow Jones ended the day 0.98% higher at 15,135.84, the S&P 500 ended the day 1.02% higher at 1,631.89, and the Nasdaq ended the day 1.04% higher at 3,479.38.

Industrials led the gains in the S&P 500 on Friday, ending the day 1.23% higher. Financials also rose sharply, ending the day 1.20% higher. Healthcare sector ended the day 1.10% higher. Basic Materials and Utilities were the only sectors in the S&P 500 to finish the day in red. Basic Materials sector ended the day 0.21% lower, while Utilities ended the day 0.39% lower.

Among the major movers on Friday were SunPower Corporation (NASDAQ: SPWR), which ended the day 10.24% higher at $24.43, Celldex Therapeutics Inc. (NASDAQ: CLDX), which ended the day 14.05% higher at $21.27, Barrick Gold Corporation (USA) (NYSE: ABX), which ended the day 6.33% lower at $13.76, Semiconductor Manufacturing International (ADR) (NYSE: SMI), which ended the day 8.68% higher at $3.88, and Nokia Corporation (ADR) (NYSE: NOK), which ended the day 3.82% higher at $4.08.

On the economic front, a report released by the Labor Department showed that the U.S. economy added 195,000 jobs in June, beating consensus forecast of 165,000 job additions. The unemployment rate, meanwhile, remained steady at 7.6%.

European markets ended mostly lower on Friday, with the FTSE 100 Index in London closing 0.72% lower, and the CAC 40 Index in Paris closing 1.46% lower.

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edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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