Business

Stocks gain for sixth day on strong jobs growth

Advertisement

A burst of hiring in February pushed stocks higher. The Dow surpassed its previous record close Tuesday and logged a sixth straight increase Friday. Employers added 236,000 jobs, and the jobless rate fell to 7.7 percent, from 7.9 percent in January. That’s better than the 156,000 job gains and unemployment rate of 7.8 percent that economists expected. Optimism that hiring is picking up has been one of the factors bolstering the market. Stocks have also gained on news that the housing market is recovering, growing corporate earnings, and continuing economic stimulus from the Fed. The Dow is up 9.9 percent this year; the S&P 500 is up 8.8 percent.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com