The stock market surged to its biggest gain since early September Friday after another strong month of hiring by U.S. employers. The solid news on the economy opened the way for the Federal Reserve to begin raising interest rates back toward normal levels later this month. Energy stocks and the price of crude oil fell after OPEC said it won't cut production.
The Dow Jones industrial average jumped 369.96 points, or 2.1 percent, to 17,847.63.
The Standard & Poor's 500 index gained 42.07 points, or 2.1 percent, to 2,091.69.
The Nasdaq composite climbed 104.74 points, or 2.1 percent, to 5,142.27 points.
For the week:
The Dow added 49.14 points, or 0.3 percent.
The S&P 500 picked up 1.58 points, or 0.1 percent.
The Nasdaq composite rose 14.75 points, or 0.3 percent.
For the year:
The Dow is up 24.56 points, or 0.1 percent.
The S&P is up 32.79 points, or 1.6 percent.
The Nasdaq is up 406.22 points, or 8.6 percent.