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Wall Street rallies after strong jobs data

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Reuters

(Reuters) - U.S. stock indexes ended more than 1 percent higher on Friday after strong jobs data indicated the U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve.

The Dow Jones industrial average <.DJI> rose 266.59 points, or 1.49 percent, to 18,190.65, the S&P 500 <.SPX> gained 28.04 points, or 1.34 percent, to 2,116.04 and the Nasdaq Composite <.IXIC> added 58.00 points, or 1.17 percent, to 5,003.55.

(Reporting By Sinead Carew; Editing by Nick Zieminski)

 

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First Published: May 09 2015 | 1:53 AM IST

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