NEW YORK (AP) — U.S. stocks jumped Friday and reached record highs after a strong jobs report for the month of July gave investors more confidence that the economy is still growing. Financial and technology stocks soared and investors sold the safe assets they have favored for most of this year.
The Dow Jones industrial average leaped 191.48 points, or 1 percent, to 18,543.53.
The Standard & Poor’s 500 index surged 18.62 points, or 0.9 percent, to 2,182.87.
The Nasdaq composite gained 54.87 points, or 1.1 percent, to 5,221.12.
For the week:
The Dow rose 111.29 points, or 0.6 percent.
The S&P 500 added 9.27 points, or 0.4 percent.
The Nasdaq climbed 58.99 points, or 1.1 percent.
For the year:
The Dow is up 1,118.50 points, or 6.4 percent.
The S&P 500 is up 138.93 points, or 6.8 percent.
The Nasdaq is up 213.71 points, or 4.3 percent.