Hiring gains send stock indexes higher

Friday, December 6, 2019, Vol. 43, No. 49

NEW YORK (AP) — Major stock indexes are ending a choppy week with solid gains after the government reported that hiring in the U.S. jumped last month to the highest level since January.

Companies that stand to benefit the most from a growing economy rose the most Friday.

Technology and industrial companies climbed, as did banks. Micron Technology rose 2.8%, 3M added 4.3% and JPMorgan Chase rose 1.5%.

The S&P 500 rose 28 points, or 0.9% to 3,145, erasing its losses for the week.

The Dow Jones Industrial Average rose 337 points, or 1.2%, to 28,015. The Nasdaq rose 85 points, or 1%, to 8,656.

Bond prices fell as investors moved money out of safe-haven assets and became more bullish on the economy.

The yield on the 10-year Treasury rose to 1.84%.