Stock-market benchmarks ended solidly higher on Friday to end a multisession slide after a stronger-than-expected jobs report underscored the U.S. economy's health.
The S&P 500 was up around 1% to finish near 2,945. The Dow Jones Industrial Average advanced 195 points, or 0.7%, to end around 26,503. The Nasdaq Composite climbed 1.6% to finish around 8,164.
The Nasdaq clinched a fresh record, recovering from a three-session skid, aided by gains in internet-related company Amazon.com Inc. Bolstering buying appetite was a reading of employment that showed that the U.S. economy added 263,000 jobs in April, well above analysts' estimates of 217,000.
The unemployment rate fell to a near 50-year low of 3.6%, even as wages rose by a modest 0.2%. Amazon shares rose 3.2% after Warren Buffett said that Berkshire Hathaway had recently bought shares of the e-commerce giant.
Source : Market Watch