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The stock market today is in far better position now than it would have been had it closed the week out after Thursday’s session. According to the Labor Department’s recent data on jobs, 244.000 jobs were added in April. This news was far better than expected and gave investors and market index composites a boost to end the week. Even though the major indices ended the week in negative territory overall, it could have been worse if not for the more positive close values that posted on Friday. The S&P 500 closed the last trading session in the United States higher by .38 percent or 5.10 at 1340.20. The Nasdaq closed the session higher by .46 percent or 12.84 at 2827.56. The Dow Jones Industrial Average closed the session higher by .43 percent or 54.57 at 12,638.74. The jobs report was the big news of the day as it showed that the job recovery efforts across our nation are moving forward and gaining strength. The 244,000 jobs that were added in April was up by 43,000 over the last reading for the month of March. Up to this point so far, over 750,000 jobs have been added since January. Businesses added 268,000 jobs in April. This is another great sign for our economic development as business job additions have not been as strong in over two years. It was a great way to end the week on Wall Street but optimism is paired with the pessimism over the major index composites still ending lower for the week overall. The Dow Jones Industrial Average, Nasdaq and S&P 500 all ended the week lower by at least 1 percent. Author: Frank Matto
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