Stocks Ended Broadly Higher on Strong Jobs Report

U.S. stocks ended broadly higher on Friday after the latest monthly jobs report pointed to strength in the U.S. economy. The Dow Jones Industrial Average rose 219.37 points, or 0.90%, to 24,635.21. The S&P 500 gained 29.35 points, or 1.08%, to 2,734.62. The Nasdaq Composite added 112.21 points, or 1.51%, to 7,554.33.

Oil prices settled lower Friday, with the U.S. benchmark marking its lowest finish since April on the back of rising U.S. production and the possibility that OPEC and its allies may decide to boost output. July West Texas Intermediate crude fell $1.23, or 1.8%, to settle at $65.81 a barrel. August Brent crude fell 77 cents, or 1%, to $76.79 a barrel.

In May, the U.S. economy created 223,000 new jobs while the unemployment rate fell to a new post-crisis low of 3.8%, according to the latest release from the Bureau of Labor Statistics. This is the lowest unemployment rate since April 2000.