• The Dow Jones Industrial Average .DJI rose 62.11 points, or 0.29 percent, to 21,206.29, the S&P 500 .SPX gained 9.01 points, or 0.37 percent, to 2,439.07 and the Nasdaq Composite .IXIC added 58.97 points, or 0.94 percent, to 6,305.80.
U.S. stocks closed at record levels for a second consecutive session on Friday, as gains in technology and industrial stocks more than offset a lukewarm jobs report.
• Nonfarm payrolls increased by 138,000 in May, well short of the 185,000 expected by economists. The prior two months were revised lower by 66,000 jobs than previously reported.
Average hourly earnings rose 0.2 percent in May, following a similar gain in April, but the unemployment rate fell to a 16-year low of 4.3 percent.
Despite the disappointing data, market participants still largely anticipate the Federal Reserve to raise rates at its June 13-14 meeting, with traders expecting a 90.7-percent chance of a quarter-point hike, according to Thomson Reuters data.
Reference: Reuters
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