Dow logs 700-point gain as stocks rally after jobs report

Stocks rose Friday, with the Dow Jones Industrial Average
DJIA,
+2.12%
logging its biggest point gain of 2023 after a strong May jobs report. The Dow rose around 701 points or 2.1%, according to preliminary figures. The S&P 500
SPX,
+1.45%
jumped 1.5% to close near 4,282, just shy of the 4,292.84 level that would mark an exit from bear-market territory for the large-cap benchmark. The Nasdaq Composite
COMP,
+1.07%
rose 1.1%.