Dow, S&P 500 pass milestones after strong jobs report
By Rodrigo Campos NEW YORK (Reuters) – Stocks rallied on Friday, with the S&P 500 and Dow industrials hitting intraday records, after employment grew more than expected in April, easing concerns about a weak economy. The S&P 500 index broke above 1,600 and the Dow briefly traded above 15,000 for the first time as stocks extended this year’s rally. Confirming the broad strength of the market’s advance, the mid- and small cap Russell 2000 stock index rose 2 percent to a record. Non-farm payrolls rose by 165,000 last month and the unemployment rate fell to 7. 5 percent, a four-year low, from 7. . . .
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