Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week. The S&P 500 rose 0.4% Friday and recovered some of its loss from the day before, which was its worst in eight weeks. The Dow Jones Industrial Average gained 0.7%, and the Nasdaq composite added 0.8%. Amazon rallied after delivering a stronger profit for the latest quarter than analysts expected. Treasury yields pushed higher after initially falling following the jobs report, which was distorted by some unusual occurrences.
On Friday:
The S&P 500 rose 23.35 points, or 0.4%, to 5,728.80.
The Dow Jones Industrial Average rose 288.73 points, or 0.7%, to 42,052.19.
The Nasdaq composite rose 144.77 points, or 0.8%, to 18,239.92.
The Russell 2000 index of smaller companies rose 13.48 points, or 0.6%, to 2,210.13.
For the week:
The S&P 500 is down 79.32 points, or 1.4%.
The Dow is down 62.21 points, or 0.1%.
The Nasdaq is down 278.69 points, or 1.5%.
The Russell 2000 is up 2.14 points, or 0.1%.
For the year:
The S&P 500 is up 958.97 points, or 20.1%.
The Dow is up 4,362.65 points, or 11.6%.
The Nasdaq is up 3,228.57 points, or 21.5%.
The Russell 2000 is up 183.06 points, or 9%.