NEW YORK - Wall Street stocks rallied on Friday as investors shrugged off historically bad jobs data in anticipation of better times as the economy relaunches from coronavirus shutdowns.
The broad-based S&P 500 rose 1.7 per cent to 2,929.80, while the tech-rich Nasdaq Composite Index jumped 1.6 per cent to 9,121.32. The stock gains were the latest instance of markets looking at economic reports that are bad, but not significantly different than expected, and instead focusing on positive news such as the gradual restart of economic activity in some parts of the United States and Europe.
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