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Dow Climbs 229, Nasdaq Picks Up 119 Stocks rallied to set new records Friday after a grim jobs report undercut interest rates. Technology companies accounted for a big share of the broad rally, which included solid gains by stocks in the energy, industrial, and consumer discretionary sectors. The gains helped the S&P 500 notch its eighth weekly gain in the last 10 weeks. By Stan Choe, Damian J. Troise & Alex Veiga | May 7, 2021 | 5:01 p.m. ET. Stocks rallied to more records on Wall Street Friday as a stunningly disappointing report on the nation’s job market signaled to investors that int...

Stan Choe, Damian J. Troise, and Alex Veiga Stocks rallied to more records on Wall Street Friday as a stunningly disappointing report on the nation’s job market signaled to investors that interest rates will likely stay low. The S&P 500 rose 0.7%, topping the previous all-time high set last month. The Dow Jones Industrial Average set a record high for the third straight day. Technology companies accounted for a big share of the broad rally, which included solid gains by stocks in the energy, industrial, and consumer discretionary sectors. The gains helped the S&P 500 notch its eighth weekl...

Don't miss the big stories. Like us on Facebook.   Stocks rallied to more records on Wall Street Friday as a stunningly disappointing report on the nation's job market signaled to investors that interest rates will likely stay low. The S&P 500 rose 0.7%, topping the previous all-time high set last month. The Dow Jones Industrial Average set a record high for the third straight day. Technology companies accounted for a big share of the broad rally, which included solid gains by stocks in the energy, industrial, and consumer discretionary sectors. The gains helped the S&P 500 notch its eight...

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Macro Roundup (Apr 16) CST Source:SMM The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in 10 months in March against a continued drop in U.S. Treasury yields. SHANGHAI, Apr 16 (SMM) — This is a roundup of global macroeconomic news last night and what is expected today. The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in 10 months in March against a continued drop in U.S. Treasury yields.