New York: The Dow and the S&P 500 Friday again powered to record highs after a Labor Department employment report showed solid jobs growth for May.
At the closing bell, the Dow Jones Industrial Average jumped 95.28 points (0.51 percent) to 16,921.39, notching its second record high in a row.
The S&P 500 gained 8.69 (0.45 percent) at 1,949.15, its third straight record close.
The tech-rich Nasdaq Composite Index rose 25.17 (0.59 percent) to 4,321.40.
The Labor Department reported that the US economy added a net 217,000 jobs in May, in line with expectations.
Economists called the report solid and noted that May was the fourth straight month the US economy added more than 200,000 jobs.
Mace Blicksilver, director of Marblehead Asset Management, said the jobs report ensured strong investor sentiment a day after the European Central Bank unveiled aggressive stimulus.
"You have the best of both worlds," he said. "You still have stimulus and you get to have a good labor report."
