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U.S stocks mixed to higher led by financial, tech stocks; Dow dips 0.03%

Published 05/06/2013, 04:36 PM
Updated 05/06/2013, 04:37 PM
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Investing.com - U.S. stocks ended Monday mixed to higher in a session void of major market-moving news.

Indices finished largely higher after investors took up positions in financial-sector and technology stocks on lingering optimism from Friday's better-than-expected April jobs report.

At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.03%, the S&P 500 index rose 0.19%, while the Nasdaq Composite index rose 0.42%.

No breaking economic or earnings news allowed for quiet trading on Monday, though a few investors who spent recent rallies on the sidelines jumped in and allowed for gains due to lingering applause of Friday's April jobs report.

The Bureau of Labor Statistics on Friday reported that the U.S. economy added 165,000 nonfarm payrolls in April, up from 138,000 in March, whose figure was revised up from 88,000.

April's figures far outpaced analysts' forecasts for a 145,000 figure, while February's figures were revised to 332,000 from 268,000.

The headline unemployment rate ticked down to 7.5% in April from 7.6% in March.

Leading Dow Jones Industrial Average performers included Bank of America, up 5.31%, UnitedHealth Group, up 2.17%, and Home Depot, up 1.77%.

The Dow Jones Industrial Average's worst performers included Merck, down 1.49%, Johnson & Johnson, down 1.25%, and Verizon Communications, down 1.23%.

European indices, meanwhile, finished largely lower.

After the close of European trade, the EURO STOXX 50 fell 0.48%, France's CAC 40 fell 0.15%, while Germany's DAX 30 finished down 0.13%. Meanwhile, in the U.K., markets were closed on holiday.









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