U.S. stocks rally on jobs, inflation, factory data

11:41 am ET Jun 1, 2007

DJIA

13,652

+24.78

S&P

1,537

+6.79

NASDAQ

2,618

+13.72

10Yr

4.95%

+0.062

U.S. stocks rally on jobs, inflation, factory data

NEW YORK
U.S. stocks were solidly higher Friday, as the Dow Jones Industrial
Average set yet another record in the wake of reports showing more jobs
were created May than expected and inflation has fallen back into the
Federal Reserve's comfort zone.

Economic Report: Inflation falls back to Fed's comfort zone

WASHINGTON
Core consumer price inflation increased just 0.1% in April, bringing the
year-over-year increase down to 2%, just inside the Federal Reserve's
target, the Commerce Department reported Friday.

Economic Report: U.S. payrolls grow by 157,000 in May

WASHINGTON
U.S. nonfarm payrolls increased by a better-than-expected 157,000 in
May, the Labor Department reported Friday.

Dell gets lift after earnings, job-cut plans

SAN FRANCISCO
Dell Inc. shares climbed almost 4% in early trading Friday amid reaction
to the PC giant's plans to slash 10% of its workforce, or about 8,800
jobs, in an attempt to cut costs and regain market share lost to the
likes of rival Hewlett-Packard Co.