(CNBC) U.S. stocks closed sharply higher on Friday as investors cheered a jobs report that showed economic growth but not enough, in the eyes of most, to warrant central bank tightening immediately. (Tweet This)
Analysts called the April employment figures a “Goldilocks” report because it was just right for gains in stocks. The Dow Jones industrial average held morning gains of 250 points, briefly adding more than 275 points.
The major averages advanced towards records but failed to break them. After a volatile week of trading, the Dow and S&P 500 clung to mild gains for the week, while the Nasdaq was down 0.04 percent for the period.
