U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 200 points on Friday.
The Dow traded up 0.89% to 38,941.18 while the NASDAQ rose 1.26% to 16,251.98. The S&P 500 also rose, gaining, 1.10% to 5,203.90.
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Leading and Lagging Sectors
Communication services shares jumped by 1.8% on Friday.
In trading on Friday, utilities shares rose by just 0.2%.
Top Headline
U.S. employers added 303,000 nonfarm payrolls in March, marking an increase from the 270,000 reading in February and surpassing the expected 212,000, the Bureau of Labor Statistics said Friday.
The unemployment rate slowed from 3.9% to 3.8%, easing more than expected.
Equities Trading UP
MediaCo Holding Inc. (NASDAQ: MDIA) shares shot up 190% to $4.0550 after a 13D amended filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1, 2024.
Shares of GCT Semiconductor Holding, Inc. (NASDAQ: GCTS) got a boost, surging 52% to $8.72 after the company and Aramco signed an MOU to accelerate the development of the 4G and 5G ecosystem in Saudi Arabia.
HUB ...
Related tickers: GCTS, MDIA, BDSX, ZGN, HUBC, STIX.
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