Jobs data lifts US markets, S&P closes above 1600

US stocks closed out the week with a bang, with the S&P 500 finishing above 1,600 and the Dow briefly topping 15,000 for the first time, as Wall Street cheered a better-than-expected April non-farm payrolls report.
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May 06, 2013, 10.41 AM | Source: Moneycontrol.com

Jobs data lifts US markets, S&P closes above 1600

US stocks closed out the week with a bang, with the S&P 500 finishing above 1,600 and the Dow briefly topping 15,000 for the first time, as Wall Street cheered a better-than-expected April non-farm payrolls report.

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Jobs data lifts US markets, S&P closes above 1600

US stocks closed out the week with a bang, with the S&P 500 finishing above 1,600 and the Dow briefly topping 15,000 for the first time, as Wall Street cheered a better-than-expected April non-farm payrolls report.

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Jobs data lifts US markets, S&P closes above 1600
US stocks closed out the week with a bang, with the S&P 500 finishing above 1,600 and the Dow briefly topping 15,000 for the first time, as Wall Street cheered a better-than-expected April non-farm payrolls report.

The Dow Jones Industrial Average shot up 142.38 points, or 0.96 percent, at 14,973.96.. The S&P 500 soared 16.83 points, or 1.05 percent, to finish at 1,614.42. The Nasdaq rallied 38.01 points, or 1.14 percent, to end at 3,378.63.

In economic data, US employers added 165,000 jobs in April versus estimates of 1,45,000 and the unemployment rate fell to 4-year low of 7.5%.

European shares closed at a five-year high on Friday after non-farm payrolls data from the US came in better-than-expected.

In the forex market, the euro has strengthened above 1.31, while the dollar index has inched towards 82. Crude has rallied to over USD 105 due to geopolitical tensions in west Asia after Israel carried out a second air strike in Syria.

In precious metals gold is almost flat at USD1475 an ounce.

Meanwhile, Asian markets were trading higher.

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Jobs data lifts US markets, S&P closes above 1600

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