NEW YORK (AP) – Stocks closed broadly higher on Wall Street after job growth blew past forecasts in November.
Today’s rally pushed the Dow up by more than 300 points and erased the S&P 500’s losses from earlier in the week.
The S&P notched its second straight weekly gain, closing at 3,145.91. It’s now within 0.3% of its all-time high set on Nov. 27 and up 25.5% so far this year.
The Dow climbed 337.27 points, or 1.2%, to 28,015.06. The Nasdaq gained 85.83 points, or 1%, to 8,656.53.
The Russell 2000 index of smaller company stocks picked up 19 points, or 1.2%, to 1,633.84.