Summary Box: Stocks gain on private jobs report

AP News
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Posted: Mar 30, 2011 4:50 PM
Summary Box: Stocks gain on private jobs report

HIRING REPORT: Payroll processor ADP said that private companies added 201,000 jobs last month, in line with what analysts had expected.

BROAD GAIN: All 10 company groups that make up the S&P 500 index rose. Telecommunications companies led the way for a second straight day with a 1.4 percent increase.

THE INDEXES: The Dow Jones industrial average gained 71.60, or 0.6 percent, to 12,350.61. The S&P 500 rose 8.82 to 1,328.26. The Nasdaq composite rose 19.90 to 2,776.79.