The S&P 500 and Nasdaq Composite rose Friday, pushing major stock indexes to weekly gains, after a better-than-expected January jobs report showed the economy is still growing solidly.
The technology-focused Nasdaq Composite jumped by 219.19 points, or 1.6%, to finish at 14098.01, a day after the index posted its largest loss since September 2020. The S&P 500 climbed 23.09 points, or 0.5%, to end at 4500.53. Both were bolstered by a 14% jump in shares of Amazon.com , which surged after the e-commerce giant said profit nearly doubled in the holiday period.