Stocks Climb to New Records as U.S. Payrolls Finally Surpass Pre-Recession Peak
Stocks rose Friday, lifting market benchmarks to fresh records after the Labor Department reported another month of strong jobs hiring in May, finally erasing all of the nation's employment losses from the 2008-'09 recession. Employers added 217,000 workers last month, the fourth consecutive month payrolls rose more than 200,000 for the first time since early 2000. Nearly all sectors in the S&P 500 rose, led by shares of industrial and energy companies, while healthcare stocks were the lone industry laggard.
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