S&P 500 Index Hits New Record High after Strong Jobs

ON FRIDAY, the S&P 500 index opened higher after the strong rise in the US non-farm payrolls in July. The index rose 0.2% on the day and reached a record high of 4440.

The Dow Jones Industrial Average rose 13.2 points, or 0.45%, to 35,223 points, while the Nasdaq Composite Index fell 30.9 points, or 0.2%, to 14,865 points.

The US Bureau of Labor Statistics report released earlier this Friday showed that nonfarm payrolls (NFP) for July printed a strong increase, 943K, while jobless claims fell to 5.4% in July from 5.9% in June.