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Wall Street's rally accelerates after stunning jobs report

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NEW YORK - Stocks are rushing higher in early trading Friday after a stunningly good report on the U.S. job market gave Wall Street’s recent rally another shot of adrenaline.The S&P 500 was up 2.2% within the first 15 minutes of trading after the government said that U.S.

employers added 2.5 million workers to their payrolls last month. Economists were expecting them instead to slash another 8 million jobs amid the ongoing fallout from the response to the coronavirus pandemic.RELATED: Unemployment rate falls to 13.3%, US adds 2.5 million jobsWhile economists cautioned that it’s just one month of data and could be giving false hope, the report gives credence to the building optimism among stock investors that the economy can recover.

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