Stock Market Reacts: Dow Plunges 200 Points on Surprising Jobs Report
U.S. stocks rose on Friday after a strong September jobs report, with the Dow Jones Industrial Average up 0.7%, the S&P 500 up 0.9%, and the Nasdaq Composite up 1.2%. The report showed a surge in job creation but a slowdown in wage pressures, which was seen as positive for the Federal Reserve's efforts to control inflation. The S&P 500 and Nasdaq were on track for small gains for the week, while the Dow was heading for a modest loss.