Rise, Wall Street Print Record Again

Stocks on Wall Street ended substantially higher on Friday ( 11/08/2013 ) local time (Saturday morning GMT ) , after U.S. job growth for October is widely exceeded projections , lifted the Dow to its highest close of all time .
The Dow Jones Industrial Average jumped 167.80 points ( 1.08 percent) to 15,761.78 , surpassing the record closing index of leading shares two days ago .
The broad-based S & P 500 advanced 23.46 points ( 1.34 percent) to 1770.61 , while the tech-heavy Nasdaq composite index increased 61.90 points ( 1.60 per cent ) at 3919.23 .
Stock market " rebound " from steep losses on Thursday ( 08/11/2013 ) after the Labor Department reported the U.S. economdded 204,000 jobs in October , twice what analysts estimated , and revised the previous two months to add another 60,000 jobs .
" Investors may have started to price in expectations for when the Federal Reserve will begin the process of reduction of monetary stimulus , " said Charles Schwab & Co . in a market note .
In addition , the Commerce Department also reported personal income , rose more than expected 0.5 percent in September , while personal spending rose 0.2 percent .
Positive data offset a decline in the index of consumer sentiment University of Michi , gan for November to 72.0 from 73.2 in October .
Financial stocks were in demand . In the group of Dow , JPMorgan Chase led gains , surging 4.5 percent . Goldman Sachs added 2.2 percent and American Express rose 1.1 percent .Twitter fell on the second trading day after the best-selling debut in Wall Street . Share this messaging service , which has not made ​​a profit , fell 7.2 percent to close at 41.65 U.S. dollars . On Thursday the stock jumped 73 percent to 44.90 U.S. dlolar , from the initial public offering price of 26 U.S. dollars .
Dow members , The Walt Disney Co. , jumped 2.1 percent after it reported fiscal fourth quarter was better than expected , with earnings 77 cents per share beat estimates dime .
McDonald , another Dow member , slipped 0.2 percent . The fast food giant reported global sales of his store increased 0.5 percent in October .
" We do not know how it can sustain future growth at this level , compared with a decade ago , " said Jon Ogg of 24/7 Wall St .
Bond prices fell due to a strong jobs report . The yield on 10 - year government bonds surged to 2.75 percent from 2.61 percent on Thursday , while the yield on 30 - year bonds rose to 3.84 percent from 3.73 percent . Prices and bond yields move inversely .