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Dow jumps following surge in hiring last month

CORRECTS TITLE FROM CHAIRMAN TO FOUNDER AND LAST NAME FROM FOWLERT TO FOWLER Fairmount Santrol founder William Conway, CEO and President Jenniffer Deckard, and company director Charles Fowler, second left to right, celebrate as their IPO begins trading, on the floor of the New York Stock Exchange Friday, Oct. 3, 2014. Specialist John Alatzas is at left. (AP Photo/Richard Drew)
CORRECTS TITLE FROM CHAIRMAN TO FOUNDER AND LAST NAME FROM FOWLERT TO FOWLER Fairmount Santrol founder William Conway, CEO and President Jenniffer Deckard, and company director Charles Fowler, second left to right, celebrate as their IPO begins trading, on the floor of the New York Stock Exchange Friday, Oct. 3, 2014. Specialist John Alatzas is at left. (AP Photo/Richard Drew) CORRECTS TITLE FROM CHAIRMAN TO FOUNDER AND LAST NAME FROM FOWLERT TO FOWLER Fairmount Santrol founder William Conway, CEO and President Jenniffer Deckard, and company director Charles Fowler, second left to right, celebrate as their IPO begins trading, on the floor of the New York Stock Exchange Friday, Oct. 3, 2014. Specialist John Alatzas is at left. (AP Photo/Richard Drew)

By Associated Press 1 min read

NEW YORK (AP) – A surge in hiring last month sent U.S. stocks soaring.

The Dow Jones industrial average jumped 208 points, or 1.2 percent, to 17,009 Friday.

The Standard & Poor’s 500 index rose 21 points, or 1.1 percent, to 1,967. The Nasdaq composite rose 45 points, or 1 percent, to 4,475.

The gains nearly wiped out the market’s losses for the week.

The government reported that employers added 248,000 jobs in September. The unemployment rate fell to 5.9 percent, the lowest since July 2008.