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Dow Jumps Over 400 Points; US Adds 175,000 Jobs In April
U.S. stocks traded higher this morning, with the Dow Jones index surging over 400 points on Friday.
Following the market opening Friday, the Dow traded up 1.17% to 38,673.45 while the NASDAQ rose 1.76% to 16,120.20. The S&P 500 also rose, gaining, 1.04% to 5,116.83.
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Leading and Lagging SectorsInformation technology shares rose by 2.5% on Friday.
In trading on Friday, energy shares fell by 0.6%.
Top Headline
U.S. employers added 175,000 nonfarm payrolls in April, marking a reduction from the upwardly revised 315,000 reading in March and missing the expected 238,000, the Bureau of Labor Statistics said Friday.
The unemployment rate went from 3.8% to 3.9%, more than the expected 3.8%. Average hourly earnings edged down from 4.1% to 3.9% compared to April 2023, falling more than the expected dip to 4%.
Equities Trading UP
Safe & Green Holdings Corp. (NASDAQ:SGBX) shares shot up 70% to $5.03 after the company announced its SG Echo subsidiary is preparing to deliver its first sustainable modular unit to a prominent quick-service ...