Getting The Job Done

A stronger-than-expected jobs report from the U.S. Department of Labor helped boost the Dow Jones industrial average to 10,245, a 0.5 percent gain, during the short week following Memorial Day. The report showed 248,000 jobs were created outside the farm sector in May, bringing total growth in the past three months to nearly 1 million jobs, the largest gain in nearly four years. Unemployment held steady at 5.6 percent, as economists had predicted, though fears of interest-rate hikes persist as the economy continues to strengthen. Among tech stocks, Intel was Friday’s big winner, climbing more than 3 percent on the day to close at $28.28. On the Big Board, Omnicom shares rose 0.8 percent to close the week at $80.07, while IPG’s stock price slid 2.9 percent to end at $13.97. WPP, trading as American Depository Receipts on the Nasdaq, gained 2.8 percent to finish at $51.03.