Record in S&P 500’s Grasp as Jobs Data Caps Post-Brexit Recovery

July 8, 2016 6:39 PM

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A week of evidence that the U.S. economy’s ill health may have been overstated and dovish talk from the Federal Reserve helped push the S&P 500 Index above its May 2015 record close.

Gains on Friday capped an eight-day rebound of more than 6 percent that restored $1.4 trillion of market value to U.S. shares that was erased in the aftermath of the U.K. vote to leave the European Union, with the S&P 500 Index rallying after stronger June payroll growth calmed concerns sown by May’...

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