NEW YORK, Jan. 5 (Xinhua) -- U.S. stocks extended their record runs on Friday, with all three major indexes closing at record highs, despite a negative report of the country's nonfarm payrolls.
The Dow Jones Industrial Average rose 220.74 points, or 0.88 percent, to 25,295.87. The S&P 500 added 19.16 points, or 0.70 percent, to 2,743.15. The Nasdaq Composite Index gained 58.64 points, or 0.83 percent, to 7,136.56.
U.S. total nonfarm payroll employment increased by 148,000 in December 2017, missing market expectations of 190,000, the Labor Department reported Friday. The unemployment rate was unchanged at 4.1 percent.
In December, average hourly earnings for all employees on private nonfarm payrolls rose by nine cents to 26.63 U.S. dollars. Over the year, average hourly earnings have risen by 65 cents, or 2.5 percent.
Meanwhile, the U.S. Department of Commerce announced Friday that the goods and services deficit was 50.5 billion U.S. dollars in November, up 1.6 billion dollars from October.
In a separate report, the department said that U.S. new orders for manufactured goods in November increased 6.5 billion dollars, or 1.3 percent, to 488.1 billion dollars, beating market estimates.
The ISM Non-Manufacturing Index registered 55.9 percent in December, which is 1.5 percent lower than the November reading of 57.4 percent, the Institute for Supply Management (ISM) said Friday.
Analysts said that the recent solid gains in U.S. equities have been buoyed by the prospect of a U.S. corporate tax-cut package, rising commodity prices and robust corporate earnings.
For the holiday-shortened week, all three major indices posted solid gains, with the Dow, the S&P 500 and the Nasdaq surging 2.3 percent, 2.6 percent and 3.4 percent, respectively.
