U.S. stocks rose as Wall Street made its final moves ahead of a highly anticipated report on the job market.
The S&P climbed 0.8 percent Thursday. The Dow Jones Industrial Average gained 0.8 percent, and the Nasdaq composite rallied 1 percent.
Treasury yields fell following data that showed weaker hiring among private employers and a potential increase in layoffs. Neither is flashing a recession, but a slowdown in the job market could push the Federal Reserve to cut its main interest rate in a couple weeks. A more comprehensive jobs report is due Friday, which will likely carry more weight with the Fed.
On Thursday:
The S&P 500 rose 53.82 points, or 0.8 percent, to 6,502.08.
The Dow Jones Industrial Average rose 350.06 points, or 0.8 percent, to 45,621.29.
The Nasdaq composite rose 209.97 points, or 1 percent, to 21,707.69.
The Russell 2000 index of smaller companies rose 29.64 points, or 1.3 percent, to 2,379.61.
For the week:
The S&P 500 is up 41.82 points, or 0.6 percent.
The Dow is up 76.41 points, or 0.2 percent.
The Nasdaq is up 252.14 points, or 1.2 percent.
The Russell 2000 is up 13.19 points, or 0.6 percent.
For the year:
The S&P 500 is up 620.45 points, or 10.5 percent.
The Dow is up 3,077.07 points, or 7.2 percent.
The Nasdaq is up 2,396.90 points, or 12.4 percent.
The Russell 2000 is up 149.45 points, or 6.7 percent.
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