You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Stocks surge to new highs after hiring climbs

Continue reading below

After weeks of conflicting signals about the economy's strength, Wall Street was cheered by a surprisingly strong jobs report and the wave of buying drove three indexes through major milestones. The Dow punched through 15,000 before easing back. The S&P 500 closed above 1,600 for the first time. The Russell 2000 also reached a record high. US firms added 165,000 workers in April and more in February and March than earlier estimated. The jobless rate fell to 7.5 percent, the lowest in four years. Companies that stand to benefit most from an upturn led stocks higher. U.S. Steel, GE, and Dow Chemical led the way.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

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
Marketing image of