NEW YORK, United States (AFP) 00 Wall Street ended the week on an emphatic high note, as the blue-chip Dow rose to its eighth consecutive record finish Friday.
Investors were buoyed by rosy job creation numbers in July, as the economy added 209,000 net new positions, as well as a string of good earnings reports.
The Dow Jones Industrial Average rose 0.3 percent to close at 22,092.81, and the broader S&P 500 and tech-heavy Nasdaq each added 0.2 percent to end the week at 2,476.83 and 6,351.56, respectively.
With the upbeat July jobs report, investors now see a better than 50 percent chance the Federal Reserve will raise interest rates a third time by the end of the year, up from 47 percent Thursday.
Banks, which could profit from the higher cost of borrowing, saw their share prices rise. Investment bank Goldman Sachs jumped 2.6 percent while JP Morgan Chase added 1.3 percent, leading the Dow higher.
Despite the positive finish, the Nasdaq still ended the week lower for the second straight time.
On the Dow, hardware and home improvement retailer Home Depot gained 1.3 percent, while Disney was the Dow’s biggest loser, falling 1.3 percent.
Elsewhere, the consumer review site Yelp soared 27.6 percent on word it was selling the food delivery and takeout business Eat24 to Grubhub.
© Agence France-Presse
