Dow Hits Six-Year High on Jobs Data

April nonfarm payrolls rose less than expected, spurring hopes the Fed will pause its tightening cycle

Stocks finished higher on heavy volume Friday, buoyed by a milder-than-expected April jobs report. Investors hoped the data meant a break from the Federal Reserve's interest-rate hikes, with focus shifting to the Fed policy statement next week, says Standard & Poor's Equity Research.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.