published on July 7, 2017 - 1:32 PM
Written by Associated Press

U.S. stocks closed higher after the government reported a solid pickup in hiring in June.

Technology and consumer-focused companies made some of the biggest gains Friday.

Facebook rose 1.8 percent and Applied Materials rose 3.5 percent. McDonald’s rose 2.1 percent.

The positive sign for the job market came a day after a disappointing measure of hiring by private companies, which sent stocks to their biggest loss since mid-May.

The Standard & Poor’s 500 index rose 15 points, or 0.6 percent, to 2,425.

The Dow Jones industrial average gained 94 points, or 0.4 percent, to 21,414.

The Nasdaq composite increased 63 points, or 1 percent, to 6,153.

Bond prices fell. The yield on the 10-year Treasury rose to 2.39 percent.

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