U.S. Stocks Rally After Jobs Report, End Week Higher

MarketWatch Pulse

U.S. stocks soared on Friday with the Dow industrials posting their largest one-day point gain in three months. Sentiment was lifted by nonfarm-payrolls data, which pointed to a pace of employment growth that was healthy enough to suggest that the economy may be on solid footing, but not so much as to quicken the first Federal Reserve rate hike. Friday's gains helped the S&P 500 and Dow end the turbulent week with modest gains. The S&P 500 closed 28.09 points, or 1.4%, higher at 2,116.09 and gained 0.4% over the week. The Dow Jones Industrial Average jumped 267.05 points, or 1.5%, to 18,191.11 and finished the week 0.9% higher. The Nasdaq Composite ended the session 58 points, or 1.2%, higher at 5,003.55 and finished the week roughly where it started.

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