Stocks Ended Higher after Strong Jobs Report

U.S. stocks closed higher on Friday, as investors cheered a solid jobs report and upbeat comments on prospects for a U.S.-China trade deal. The Dow Jones Industrial Average advanced 40.36 points, or 0.15%, to 26,424.99. The S&P 500 climbed 13.35 points, or 0.46%, to 2,892.74. The Nasdaq Composite rose 46.91 points, or 0.59%, to 7,938.69. For the week, the Dow added 1.9%, the S&P 500 gained 2.1%, and the Nasdaq rallied 2.7%.

Oil futures ended a strong week on an up note Friday, as traders remained focused on signs of tightening global supplies. West Texas Intermediate crude for May delivery rose 98 cents, or 1.6%, to finish at $63.08 a barrel and rose 4.9% for the week. June Brent rose 94 cents, or 1.4%, to close at $70.34 a barrel and rose 4.1% for the week.