Stocks

Business Highlights

___ US employers hired a record number of people in April WASHINGTON (AP) — U.S. employers hired the most people on record in April, while the number of open jobs was largely unchanged, evidence that the job report remains solid.

Opioid drugmaker Insys Therapeutics files for bankruptcy

Drugmaker Insys Therapeutics Inc filed for Chapter 11 bankruptcy protection on Monday, about a week after agreeing to pay $225 million to settle a U.S. probe into bribes it paid to doctors for prescribing a powerful opioid medication.

Business Highlights

___ US stock market notches best week since late November NEW YORK — Wall Street turned the page on a painful May in the stock market by notching its best week since late November.

How major US stock indexes fared Friday

Stocks closed broadly higher Friday as investors bet that a report showing the U.S. added fewer jobs than expected last month increases the odds that the Federal Reserve will cut interest rates in coming months.