India, June 6 -- After ending yesterday's volatile session mostly lower, stocks showed a significant move back to the upside during trading on Friday. With the strong upward move, the Nasdaq and the S&P 500 reached their best closing levels in over three months.
The major averages surged early in the session and remained firmly positive throughout the day. The Nasdaq shot up 231.50 points or 1.2 percent to 19,529.95, the Dow surged 443.13 points or 1.1 percent to 42,762.87 and the S&P 500 jumped 61.06 points or 1.0 percent to 6,000.36.
The rally on Wall Street came following the release of a closely watched Labor Department report showing slightly stronger than expected U.S. job growth in the month of May.
The Labor Department said non-f...