NEW YORK (Sputnik) – The Dow Jones Industrial Average and the S&P 500 hit document highs on Monday as shares on Wall Street strongly rallied in response to a stellar US jobs report for March launched final Friday.
The Dow, Wall Street’s broadest inventory indicator, comprising largely industrial shares, closed up 373 factors, or 1.1 %, at 33,526, after hitting an all-time excessive at 33,618.
The S&P 500, which teams the highest 500 shares on the New York Stock Exchange, closed up 57 factors, or 1.4 %, at 4,077, after a document excessive of 4,084.
The technology-laden Nasdaq Composite Index closed up 225 factors, or 1.7 %, at 13,705.
Nasdaq, which teams high-flying tech shares such as Facebook, Apple, Amazon, Netflix and Google, hit a excessive of 13,721 on the day, wanting its February document excessive of 14,175.
Stocks rallied after the Labor Department reported on Friday that US employment expanded by 916,000 in March, far above the 660,000 forecast by economists.