Dow, S&P 500 end at records following weak April jobs data

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The Dow Jones Industrial Average ended up 0.7% at 34,777.76, its third straight record. FMTNews SnP500 DowJones NasdaqCompositeIndex

The broad-based S&P 500 also finished at an all-time high, up 0.7% at 4,232.60, while the tech-rich Nasdaq Composite Index jumped 0.9% to 13,752.24.

But the US economy added only 266,000 jobs, and the March increase was revised lower, while the unemployment rate increased slightly to 6.1%, the Labor Department reported. Also, the weak April jobs data will quiet talk of a sudden shift in Federal Reserve monetary policy, analysts said.

 

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