REUTERS/Brendan McDermid/File PhotoAll the 11 S&P 500 sector indexes rose, with value stocks such as energy and financials, which have lagged the broader market this year, leading the gains.
The Labor Department’s closely watched report showed nonfarm payrolls increased by 245,000 jobs in November, the smallest gain since the jobs recovery started in May.
ET, the Dow Jones Industrial Average rose 158.14 points or 0.53% to 30,127.66, the S&P 500 gained 22.68 points or 0.62% to 3,689.40 and the Nasdaq Composite gained 51.20 points, or 0.41% to 12,428.14.
Positive vaccine updates from major drugmakers have eased worries around grim economic data and a surge in infections, setting Wall Street’s main indexes for another week of gains after the benchmark S&P 500 clocked its best November.
The S&P 500 posted 39 new 52-week highs and no new lows while the Nasdaq recorded 279 new highs and 13 new lows.
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