S&P 500 advanced to all-time closing highs on Monday, provided by the ongoing positive effects of unexpectedly strong April jobs report which decreased the concerns about an economic slowdown.
The Dow Jones industrial average was down 5.07 points, or 0.03 percent, at 14,968.89. The Standard & Poor’s 500 Index was up 3.08 points, or 0.19 percent, at 1,617.50. The Nasdaq Composite Index was up 14.34 points, or 0.42 percent, at 3,392.97.
Recall that non-farm payrolls had rose by 165,000 last month and the unemployment rate fell to 7.5 percent, a four-year low, from 7.6 percent. In addition, hiring was much stronger than previously thought in February and March.