Dow up 104 points after jobs report
Broad-based gains in employment sent stocks higher today, with the Dow Jones industrials gaining more than 104 points as investors regained some confidence in the economy. However, interest rate concerns remain, and the markets finished mixed for the week.
The 243,000 jobs created in February – spread throughout the service and industrial sectors – surpassed the 170,000 jobs created the previous month, according to the Labor Department. Average wages rose just 0.3%, and the unemployment rate rose to 4.8% from 4.7% in January.
