By: JeeYeon Park | CNBC.com Writer
Stocks closed sharply higher Friday as
the monthly employment report suggested economic growth is tepid enough
for the Federal Reserve to maintain its bond-buying program over the
next few months.
The Dow Jones Industrial Average shot up more than 200 points, boosted by Boeing and Disney. The Dow had its second best day of the year. Only the first trading session of the year was better.
The S&P 500 and the Nasdaq also rallied strongly.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid near 15.
For the week, the Dow gained 0.9 percent, the S&P 500 added 0.8 percent and the Nasdaq rose 0.4 percent.
The Dow Jones Industrial Average shot up more than 200 points, boosted by Boeing and Disney. The Dow had its second best day of the year. Only the first trading session of the year was better.
The S&P 500 and the Nasdaq also rallied strongly.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid near 15.
For the week, the Dow gained 0.9 percent, the S&P 500 added 0.8 percent and the Nasdaq rose 0.4 percent.
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