Wall Street rises on upbeat jobs report

Published: May 04, 2019 12:09:46 | Updated: May 09, 2019 11:05:47

US stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April with muted wage gains left investors upbeat about the outlook for the economy and interest rates.

The Dow Jones Industrial Average rose 196.55 points, or 0.75 per cent, to 26,504.34, the S&P 500 gained 28.04 points, or 0.96 per cent, to 2,945.56, and the Nasdaq Composite added 127.22 points, or 1.58 per cent, to 8,164.00.