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VOL. 43 | NO. 44 | Friday, November 1, 2019

Job gains power stocks to more records

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NEW YORK (AP) — Stocks are closing at records again after a solid jobs report reassured investors that the economy was on solid footing despite President Donald Trump's trade war.

Technology and industrial companies rose the most Friday. Apple rose 2.8% and Union Pacific climbed 4.3%.

The S&P 500 closed at a record for the third time this week and had its fourth straight weekly gain. The Nasdaq reached an all-time high for the first time since July.

Safe-play sectors like utilities lagged as investors stepped up their appetite for risk.

The S&P 500 rose 29 points, or 1%, to 3,066.

The Dow Jones Industrial Average climbed 301 points, or 1.1%, to 27,347. The Nasdaq rose 94 points, or 1.1%, to 8,386.

Bond prices fell. The yield on the 10-year Treasury rose to 1.71%.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0