(CNBC) U.S. stocks surged on Friday, with the Dow industrials jumping 200-plus points, after a better-than-projected payrolls report bolstered a positive view of the U.S. economy.
"You couldn't ask for a better-looking jobs report. The market had been getting a bit frazzled; this is the kind of report that eases those concerns," said Jeff Greenberg, senior economist at J.P. Morgan Asset Management.
And, "the fact that we are seeing an acceleration in jobs growth makes them (Federal Reserve officials) very comfortable ending quantitative easing later this month," added Greenberg, referring to the central bank's asset purchases, on track to end in late October.
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