Angela Merkel

Stocks rise after strong jobs report; S&P 500 sets a new record high

Stocks rise after strong jobs report; S&P 500 sets a new record high

Stocks rose Friday after a better-than-expected U.S. jobs report, and the strong finish pushed the Standard & Poor's 500 index to its third straight weekly gain despite some weakness earlier in the week.

The gains were widespread, and telecom and healthcare stocks helped lead the way. Overseas markets were also higher after negotiators hit a breakthrough in Britain's efforts to leave the European Union.

The S&P 500 rose 14.52 points, or 0.6%, to finish at 2,651.50, another record. The Dow Jones industrial average rose 117.68, or 0.5%, to 24,329.16, and the Nasdaq composite rose 27.24, or 0.4%, to 6,840.08.

Erin Browne, head of asset allocation at UBS Asset...

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