Alva Review-Courier -

Wall Street's rally zooms higher after surprise gain in jobs

 


For weeks, critics said Wall Street's big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation.

The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed. Employers added 2.5 million workers to their payrolls, when economists were expecting them instead to slash another 8 million jobs.

While economists cautioned that it's just one month of data and that many risks still loom on the long road to a full recovery,...



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