Wall St. rallies in wake of payrolls report

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© Reuters. Traders work on the floor at the NYSE in New York© Reuters. Traders work on the floor at the NYSE in New York

NEW YORK (Reuters) – Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns the world’s largest economy may be sliding into a recession.

The Dow Jones Industrial Average () rose 370.74 points, or 1.41%, to 26,571.78, the S&P 500 () gained 41.24 points, or 1.42%, to 2,951.87 and the Nasdaq Composite () added 110.21 points, or 1.4%, to 7,982.47.

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