Stocks closed higher in New York yesterday after the government's jobs report showed continued economic strength with only mild inflationary pressures.
Financial stocks, which benefit the most from stable interest rates, led the gains.
On Wall Street, the Dow Jones industrial average rose 64.84, at 10,704.48. An early 193-point gain briefly put the Dow back within 500 points of the record close of 11,326.04 set on August 26th.
Broader stock indicators also gave back some of their opening gains, but remained higher.
READ MORE
The Nasdaq composite index set its sixth consecutive record.
The Standard and Poor's 500 rose 7.58 to 447.48, and the Nasdaq composite index rose 46.23 to 3,102.18.
