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Wall Street jumps on upbeat jobs report

FXStreet (San Francisco) - The US stocks market jumped on Friday as investors welcomed upbeat nonfarm payrolls number as well as unexpected decline in the unemployment report. However, market players dismissed participation rate that declined to lows since 1978.

The DJIA climbed above the 17,000 level, while S&P and Nasdaq recovered previous two days of losses. However all of three closed negative on the week.

The Dow Jones advanced 208.64 points or 1.24% to finish the day 17,009.69; 0.61% negative on the week. The S&P 500 climbed 21.73 pts or 1.12% to 1,967.90; 0.75% down in the week.

The Nasdaq closed the week 0.81% negative at 4,475.62 after recovering 45.43 pts or 1.03% on Friday.

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