Dow rises after strong jobs report

By Around the Web

(CNBC) The Dow Jones Industrial Average posted slight gains on Friday after the U.S. government released jobs growth data that easily beat expectations.

The 30-stock Dow rose 59 points as Chevron, Exxon Mobil and Merck all closed higher. The S&P 500 closed 0.1 percent higher as gains in the energy and tech sectors offset losses in consumer discretionary. The Nasdaq Composite declined 0.25 percent as Amazon shares fell.

The U.S. economy added 304,000 jobs in January, according to data released by the Bureau of Labor Statistics. Economists polled by Refinitiv expect the U.S. economy to have added 170,000 jobs in January. The report follows a 35-day U.S. government shutdown. It also marks the 100th straight month of jobs growth. Investors had been awaiting the report in search of clues about the state of the economy.

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