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Another strong month of hiring sends stock indexes higher

The Standard & Poor's 500 index added 4.67 points, or 0.2 percent, to 2,476.83. The Dow Jones industrial average rose 66.71 points, or 0.3 percent, to 22,092.81. That was its ninth gain in a row. The Nasdaq composite climbed 11.22 points, or 0.2 percent, to 6,351.56. The Russell 2000 index of smaller companies gained 7.09 points, or 0.5 percent, to 1,412.32.

European stock indexes made even larger gains. France's CAC 40 index climbed 1.4 percent and the DAX in Germany jumped 1.2 percent. The British FTSE 100 gained 0.5 percent.

Bond prices dropped, sending yields higher. The yield on the 10-year Treasury note climbed to 2.26 percent from 2.22 percent as investors concluded it is more likely the Federal Reserve will raise interest rates again later in the year.

Bank of America climbed 60 cents, or 2.5 percent, to $24.98 and KeyCorp picked up 37 cents, or 2.1 percent, to $18.40.

Despite the gains Friday and the Dow's long winning streak, most stocks have hardly moved over the last two weeks. The market barely reacted to news Thursday that Special Counsel Robert Mueller impaneled a grand jury as he continues to investigate Russia's meddling in the presidential election.