India, June 6 -- Stocks have shown a strong move to the upside during trading on Friday, regaining ground after ending yesterday's volatile session mostly lower. With the upward move, the S&P 500 has reached its best intraday level in well over three months.
Currently, the major averages are off their best levels of the day but still sharply higher. The Nasdaq is up 240.22 points or 1.2 percent at 19,538.67, the S&P 500 is up 65.36 points or 1.1 percent at 6,004.66 and the Dow is up 488.29 points or 1.2 percent at 42,808.03.
The rally on Wall Street comes 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-farm payrol...