December 5, 2014 Updated: December 5, 2014 at 5:22 pm
U.S. stocks closed modestly higher after the government reported a surge in hiring last month. Employers added 321,000 jobs in November, the biggest burst of job creation in almost three years and far more than economists were expecting.
The Dow Jones industrial average rose 58.69 points, or 0.3 percent, to 17,958.79.
The Standard & Poor's 500 index added 3.45 points, or 0.2 percent, to 2,075.37.
The Nasdaq composite rose 11.32 points, or 0.2 percent, to 4,780.76.
For the week:
The Dow is up 130.55 points, or 0.7 percent.
The S&P 500 is up 7.81 points, or 0.4 percent.
The Nasdaq is down 10.87 points, or 0.2 percent.
For the year:
The Dow is up 1,382.13 points, or 8.3 percent.
The S&P 500 index is up 227.01 points, or 12.3 percent.
The Nasdaq is up 604.17 points, or 14.5 percent.