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Wall Street rallies after U.S. payrolls report

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Reuters NEW YORK
Last Updated : Dec 05 2015 | 2:48 AM IST

NEW YORK (Reuters) - U.S. stocks jumped more than 2 percent on Friday as U.S. jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month.

The Dow Jones industrial average rose 369.96 points, or 2.12 percent, to 17,847.63, the S&P 500 gained 41.99 points, or 2.05 percent, to 2,091.61 and the Nasdaq Composite added 104.74 points, or 2.08 percent, to 5,142.27.

(Reporting by Caroline Valetkevitch; Editing by Dan Grebler)

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First Published: Dec 05 2015 | 2:36 AM IST

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