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Friday
Aug042017

Dow reaches another record on strong jobs report

iStock/Thinkstock(NEW YORK) -- A strong jobs report helped lead the Dow Jones Industrial Average to another all-time high.

The Dow climbed 66.71 (+0.30 percent) to finish at 22,092.81, its eight record in a row.

The Nasdaq gained 11.22 (+0.18 percent) to close at 6,351.56, while the S&P 500 finished at 2,476.83, up 4.67 (+0.19 percent) from its open.

Crude oil was 1 percent higher with prices at $49.50 per barrel.

Jobs Report: The U.S. added 209,000 jobs last month, higher than the 180,000 jobs expected, according to the U.S. Bureau of Labor Statistics. The unemployment rate was little changed at 4.3 percent.

Winners and Losers:  Shares of Yelp Inc skyrocketed 28 percent after announcing strong results in the second quarter and news of a deal to sell its Eat24 delivery service to Grubhub.

Shake Shack's comparable sales fell by 2 percent for the quarter, causing shares to tumble 5.5 percent.

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