Stocks Ended Sharply Higher, Dow Surged over 800 Points

U.S. stocks ended sharply higher on Friday, with the Dow surging over 800 points, after data showed U.S. economy unexpectedly added jobs in May. The Dow Jones Industrial Average rose 829.16 points, or 3.15%, to 27,110.98. The S&P 500 advanced 81.58 points, or 2.62%, to 3,193.93. The Nasdaq Composite gained 198.27 points, or 2.06%, to 9,814.08. For the week, the Dow rose 6.8%, the S&P 500 gained 4.9%, while the Nasdaq advanced 3.3%.

Crude-oil futures ended sharply higher Friday, supported by news that major oil producers will convene Saturday to discuss plans for extended productions cuts. West Texas Intermediate crude for July delivery rose $2.14, or 5.7%, to settle at $39.55 a barrel. Brent saw its August contract climb $2.31, or 5.8%, to end at $42.30 a barrel. For the week, WTI front-month U.S. oil futures were up 11.4%, while Brent climbed 11.8%.