NEW YORK - Stocks are rushing higher Friday after a much better-than-expected report on the U.S. job market gave Wall Street’s recent rally another shot of adrenaline.The S&P 500 was up 3% 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 recession caused by the coronavirus and the shutdowns put in place to stem it.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, the report gives some credence to the optimism building among stock investors that the economy can climb out of its current hole relatively quickly.