Wall Street shattered yet another milestone

Wall Street capped a milestone-shattering week Friday with stock indexes hitting more record highs as investors welcomed a report showing the nation’s job market was even stronger last month than expected.

The S&P 500 rose 32.40 points to 4,352.34. The

Dow Jones Industrial Average gained 152.82 points, or 0.4%, to 34,786.35. The Nasdaq composite added 116.95 points, or 0.8%, to 14,639.33.

Smaller stocks in the Russell 2000 lagged. The index fell 23.60 points, or 1%, to 2,305.76.

Treasury yields were flat to lower following the jobs report, and the yield on the 10year Treasury fell to 1.43% from 1.48% late Thursday.

Low interest rates help drive up prices for all kinds of stocks, but they provide particularly powerful fuel for high-growth companies whose prices may otherwise look expensive.

That helped push several influential tech-oriented stocks higher Friday. Microsoft gained 2.2%, and Apple rose 2%.

Because those companies are so big, their stock movements carry extra heft for indexes, and they helped make up for losses by energy producers and financial companies.

Virgin Galactic rose 4.1% after saying it hopes to launch a test spaceflight on July 11, with its founder Richard Branson on board.

U.S.-listed shares of Didi, a Chinese ride-hailing service, slumped 5.3% after China’s internet watchdog said it launched an investigation into the ride-hailing company to protect national security and public interest.

Its shares began trading in New York on Wednesday.

Markets in both Europe and Asia were mixed.

U.S. stock markets will be closed Monday in observance of Independence Day.