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NEW YORK, June 16 (Xinhua) -- U.S. stocks posted solid gains for the week, as concern about a global economic slowdown in a post-Brexit environment receded amid an array of generally upbeat economic reports.
Both the Dow Jones Industrial Average and the S&P 500 refreshed their record highs for several times during the week.
Investor euphoria was initially ignited by June's strong nonfarm report released last week. It showed that U.S. total nonfarm payroll employment increased by 287,000 in June, well above market consensus of 175 Cheap Air Jordan Free Shipping ,000.
Investors believed that the nonfarm report mollified concerns of an economic slowdown in the United States, as May's payroll rose only 38,000 and notched the fewest monthly job gain in almost six years.
On Monday, U.S. stocks extended previous session's solid gains on the robust jobs data, with the S&P 500 setting its new intraday and closing records for the first time in 2016.
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On Wednesday, U.S. stocks closed mixed as investors digested the Federal Reserve's Beige Book for more clues on the timing of a next rate hike, yet the Dow and the S&P 500 still managed to eclipse Tuesday' s closing records.
On Thursday Cheap Air Jordan Youth , U.S. equities regained steam on upbeat economic data, with both the Dow ant the S&P 500 refreshing their record highs once more.
On Friday, U.S. stocks took a pause after record runs, with the three major indices closing narrowly mixed after wavering in a tight range. The Dow, however Cheap Air Jordan Kids , extended its record run to a fourth straight day with a 0.05-percent gain.
U.S. economic reports came out mostly positive in the week, which underpinned this round of record runs.
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The Producer Price Index for final demand increased a seasonally adjusted 0.5 percent in June, beating market estimates.
Advance estimates of U.S. retail and food services sales for June increased 0.6 percent from the previous month to 457.0 billion U.S. dollars, beating market consensus of a 0.1-percent gain.
The U.S. Consumer Price Index for all urban consumers increased 0.2 percent in June on a seasonally adjusted basis, the Labor Department reported Friday.
The index for all items less food and energy increased 0.2 percent in June, and it has increased 2.3 percent over the past 12 months.
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