Dow soars nearly 300 points Friday as stocks reverse sharp losses after hot jobs report: Live updates

October 07, 2023

Stocks rallied Friday even after the release of stronger-than-expected U.S. jobs data and a pop in Treasury yields. The S&P 500 added 1.18% at 4,308.50. CNBCStocks posted a stunning turnaround on Friday, after initially falling on the stronger-than-expected jobs report. The Nasdaq and the S&P 500 slid by 0.9% during their lowest points in the day. Some noted it could be the softer wage number in the jobs report that made investors rethink their earlier bearish stance.