Stocks Ended Higher, S&P 500 and Nasdaq Hit Records

U.S. stocks ended sharply higher onFriday, with the S&P 500 and Nasdaq surging to record highs, after the October jobs report came in well above consensus expectations. The Dow Jones Industrial Average rose 301.13 points, or 1.11%, to 27,347.36. The S&P 500 gained 29.35 points, or 0.97%, to 3,066.91. The Nasdaq Composite jumped 94.04 points, or 1.13%, to 8,386.40.

Oil futures ended higher Friday, in the wake of another fall in the number of rigs drilling for crude. West Texas Intermediate crude for December delivery rose $2.02, or 3.7%, to end at $56.20 a barrel. January Brent crude gained $2.07, or 3.5%, to close at $61.69 a barrel. For the week, WTI suffered a 0.8% decline and Brent was down 0.1%.