NEW YORK — U.S. stocks rallied to their best day since 2022 following an encouraging update on the job market.
The S&P 500 jumped 2.3%, continuing a roller-coaster ride for the market in recent days.
The Dow Jones Industrial Average added 1.8%, and the Nasdaq composite gained 2.9%. Treasury yields also climbed in the bond market, a signal that investors are feeling less worried about the economy, after a report showed fewer workers applied for unemployment benefits last week.
Eli Lilly helped lead the market with a gain of 9.5% after delivering better profit for the spring than expected. Big Tech stocks rebounded.
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