Stocks surge the most since March after US reports a pickup in hiring; Monster Beverage sinks

Markets Associated Press

The stock market had its biggest gain in two months after the U.S. government reported an encouraging pickup in hiring.

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The gain of 223,000 jobs in April suggested that the economy may be regaining its footing after a slow start to the year.

The Dow Jones industrial average climbed 266 points, or 1.5 percent, to 18,190 Friday.

The Standard & Poor's 500 gained 28 points, or 1.3 percent, to 2,116. The Nasdaq composite rose 58 points, or 1.2 percent, to 5,003.

All 10 sectors in the S&P 500 index rose, led by health care companies. It was the biggest gain for the index since March 16.

Monster Beverage sank 10 percent after its earnings missed estimates.

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Bond prices rose. The yield on the 10-year Treasury note fell to 2.14 percent.