Economics
U.S. Stocks Climb to Record as Jobs Growth Tops Forecasts
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U.S. stocks rose, sending the Dow Jones Industrial Average briefly above 15,000 for the first time, as employment picked up more than forecast in April and the jobless rate unexpectedly declined to a four-year low.
Caterpillar Inc. and Alcoa Inc. rallied more than 1.9 percent to pace the Dow. Kraft Foods Group Inc. increased 5.1 percent as profit beat estimates. American International Group Inc. climbed 5.7 percent as operating earnings surpassed projections. LinkedIn Corp. tumbled 13 percent after forecasting sales that missed analysts’ predictions.