U.S. stocks climbed Friday after the government said hiring grew at a stronger pace last month. Technology companies jumped, and retailers rose. After Friday’s jobs report, companies that would benefit from better economic growth — such as banks and industrial companies — made strong gains. Technology stocks have done better than any other industrial group in the S&P 500 this year, but they have had a bad month. On June 8, the tech-heavy Nasdaq composite closed at an all-time high, and the S&P 500 technology index closed at a 17-year-high.

Source: Los Angeles Times July 07, 2017 15:10 UTC