S&P notches weekly gain as jobs growth blows past forecasts Stocks closed broadly higher on Wall Street after the government reported that employers added far more jobs than expected in NovemberA surprisingly strong U.S. jobs report put investors in a buying mood Friday, driving stocks on Wall Street broadly higher and extending the market’s winning streak to a third day. “It's a better than we expected set of data, and clearly the market is pricing that in.”The S&P 500 rose 28.48 points, or 0.9%, to 3,145.91. The index posted a 0.2% gain for the week, a solid pivot from losses of more than 1% as of late Thursday. Banks also rose, as the solid jobs report sent bond yields higher, which lenders rely on to charge higher interest rates on mortgages and other loans. Gold fell $17.80 to $1,459.10 per ounce, silver fell 46 cents to $16.48 per ounce and copper rose 6 cents to $2.71 per pound.

Source: ABC News December 06, 2019 15:39 UTC