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Stock market news: Apple helps S&P 500 snap losing streak

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Dow leaps 546 points as US stocks surge after Apple earnings and hot April jobs report

Nonfarm payroll employment of 253,000 trounced the 180,000 estimate. The unemployment rate fell to 3.4%.

"The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week. But the big revisions to the prior readings suggest the jobs market is perhaps not as strong as the latest data makes it out to be," Fawad Razaqzada, market analyst at City Index, wrote in a Friday note. Here's what else is happening today:

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