Jobs Report Gives a Lift to Markets

Stocks marched broadly higher on Wall Street Friday after steady US job gains and a decline in the unemployment rate allayed investors' concerns about slowing growth. The broad gains Friday erased nearly all of the significant losses the market suffered earlier in the week brought on by dismal news on US manufacturing and service industries, per the AP. Apple led gains in technology with an increase of 2.8%. The S&P 500 rose 41 points, or 1.4%, to 2,952, though it still ended the week down 0.3% for its third straight weekly drop. The Dow Jones Industrial Average rose 372 points, or 1.4%, to 26,573, and the Nasdaq added 110 points, also 1.4%, to 7,982. (More stock market stories.)