S&P 500 and Nasdaq Closed at Records

U.S. stocks ended higher on Friday with the S&P 500 and the Nasdaq closing at records on better-than-expected jobs report for April. The Dow Jones Industrial Average rose 55.47 points, or 0.26%, to 21,006.94, for a weekly rise of 0.3%. The S&P 500 gained 9.77 points, or 0.41 %, to 2,399.29, closing up 0.6% for the week. The Nasdaq Composite added 25.42 points, or 0.42%, to 6,100.76, finishing out the week 0.9% higher.

Oil futures ended higher Friday, bouncing back a bit from a nearly 5% drop a day earlier, but prices still registered a hefty loss for the week. June West Texas Intermediate crude rose 70 cents, or 1.5%, to settle at $46.22 a barrel and finished roughly 6.3% lower for the week.

U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low. Nonfarm payrolls surged by 211,000 jobs last month after a paltry gain of 79,000 in March, the Labor Department said on Friday.