Mumbai, June 9 -- The Nasdaq shot up 231.50 points (1.2%) to 19,529.95, the Dow surged 443.13 points (1.1%) to 42,762.87 and the S&P 500 jumped 61.06 points (1%) to 6,000.36.

Labor Department's report showed slightly stronger than expected U.S. job growth in the month of May. Also, it mentioned that the non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April. The report said the unemployment rate came in at 4.2% in May, unchanged from the previous month and in line with economist estimates. The modestly bigger than expected increase in employment helped offset concerns about the strength of the economy following some recent downbeat data.

Airline stocks substantially moved u...