Banks and other stocks climbed Friday after the government reported more gains in hiring last month, the latest signal that the economy is continuing to hum along. The modest gains wrapped up another quiet week for the stock market.
Investors sold government bonds and bet that interest rates will rise. Technology companies rose. Weight Watchers soared after reporting a strong quarter. Viacom, the media company that owns Comedy Central and MTV, sank.
July was the second consecutive month of strong hiring, suggesting that the U.S. economy is still growing steadily as countries in Europe and less developed areas come out of long slumps.