Stocks jump on strong jobs report
Photo credit: AP | Trader Luigi Muccitelli, left, works on the floor of the New York Stock Exchange on Thursday. Optimism over upcoming U.S. jobs figures helped stocks and the euro to rally on Friday, Feb. 3, 2012. (Feb. 2, 2012)
A drop in the unemployment rate propelled the Dow Jones industrial average Friday to its highest close since May 2008, before the financial meltdown later that year. The Nasdaq composite index hit an 11-year high.
The Dow jumped 156.82 points to 12,862.23, its highest mark since May 19, 2008, about four months before Lehman Brothers investment bank collapsed. In May 2008, credit markets were...
