Growth Stocks: Points and Labor Department

growth stocks: The key market gauge inched up 26.45 points Friday. ; The Topix index of all issues on the first section of the Tokyo Stock Exchange ended up 19.22 points, or 0.99%, at 1,952.27, following a 5.65-point rise the previous trading day, according to The Japan Times. Tokyo stocks got off to a firm start, aided by rises in all three major U.S. stock indicators Friday of which the Dow Jones industrial average and the S&P 500 index rewrote their record highs. The 225-issue Nikkei average rose 160.52 points, or 0.55%, to end at 29,518.34, extending its winning streak to a third straight market day. The U.S. indexes' strong performances came as growth stocks, in particular, attracted buying, after the Labor Department's announcement of far weaker-than-expected growth in April's U.S. nonfarm payrolls eased concerns over a rise of long-term interest rates. But the key market gauge failed to extend gains in the afternoon, with its upside capped by profit-taking of heavyweight semiconductor names such as chipmaking gear manufacturer Tokyo Electron. The Nikkei climbed over 300 points at one point in the morning. ( As reported in the news.

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