NewsBreak: Jobs Report Pushes Stocks to Biggest Gains in a Month

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© Reuters. © Reuters. – Stocks were rallying strongly Friday afternoon, with their best one-day gains in a month, after a positive jobs report that allayed fears of recession and showed few signs of inflation.

  • The was up 1.12%. The were up 1.1%. The gained nearly 1.2%, with the index, dominated by big tech stocks, up nearly 1.4%. Apple (NASDAQ:), up 2.8%, and Microsoft (NASDAQ:), ahead by 1.2%, contributed a third of the Nasdaq 100’s 100-point gain.
  • The jobs report showed growing by 136,000 in September. But estimates for August and July were revised higher and the hit a 50-year low.
  • Since its Thursday bottom, the Dow has climbed more than 750 points. The major indexes are still off about 1% on the week.
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