Belfast Telegraph

Jobs market optimism buoys trading on Wall Street

US stocks closed higher as traders got some encouragement from a solid report on the job market.

Consumer companies gained on Friday after the US government said job growth continued at a strong pace in March.

Energy and mining companies struggled as the prices of oil and precious metals fell.

The price of US benchmark crude slumped 4% to just under 37 US dollars a barrel in New York.

The Dow Jones industrial average shook off an early loss closed up 107 points, or 0.6%, to 17,792.

The Standard & Poor's 500 index rose 13 points, or 0.6%, to 2,072. The Nasdaq composite gained 44 points, or 0.9%, to 4,914.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.78%.