Dow Soars 700 Points on Bullish Jobs Report and Debt Ceiling Deal.

The major stock market indexes closed higher on Friday, with the Dow Jones Industrial Average showing the most strength, rising 2.1%. The May jobs report offered a big surprise that bolstered stocks. The Nasdaq gained 1.1%, while the S&P 500 rallied 1.5%. The iShares Russell 2000 ETF (IWM) fared better than the major indexes, popping 3.6%. In earnings news, IBD 50 stock Broadcom (AVGO) rose 2.8% after reporting stronger-than-expected second quarter earnings and sales, while MongoDB (MDB) skyrocketed 28% after beating its April-ended quarter adjusted profit and revenue. Semiconductor test systems maker Aehr Test Systems (AEHR) spiked 7.3% and broke out of a cup base that displays a 40.79 buy point.