NEW YORK (AP) — Stocks are rising sharply after the U.S. government reported a big increase in hiring last month.The Dow Jones industrial average was up 200 points, or 1.3 percent, at 16,020 as of 1:50 p.m. Eastern time Friday.
The Standard & Poor’s 500 index rose 20 points, or 1.2 percent, to 1,806. The Nasdaq composite rose 34 points, or 0.9 percent, to 4,067.
The gains were broad; three stocks rose for every one that fell on the New York Stock Exchange. It was the first increase for the market this week.
Industrial stocks and others that tend to rise the most when the economy is growing posted some of the biggest gains. Intel led the Dow higher.
Employers added 203,000 jobs in November, the fourth straight month of solid growth.