A Modest Gain for Stocks Keeps a 4-Day Winning Streak Alive
NEW YORK – A modest gain for stocks extended a winning streak into a fourth day.
Indexes ended higher on Friday after the government reported another increase in hiring last month, the latest encouraging sign for the U.S. economy.
It was the third straight weekly gain for the stock market.
Bond prices fell, sending yields higher.
Mining stocks rose more than the rest of the market as metals prices continued to climb. Freeport-McMoRan jumped 7 percent. Energy stocks also rose along with the price of oil.
The Dow Jones industrial average climbed 62 points, or 0.4 percent, to 17,006.
The Standard & Poor’s 500 index added six points, or 0.3 percent, to end slightly under 2,000. The Nasdaq composite climbed nine points, or 0.2 percent, to 4,717.