Stocks rose on Friday, rebounding from a two-day loss, as data showed U.S. job creation was stronger than expected in April.
The Dow Jones Industrials triumphed 208.84 points to 26,516.63
The S&P 500 hiked 28.12 points, or nearly 1%, to 2,945.64, posting its biggest gain since April 1.
The NASDAQ Composite index leaped 127.22 points, or 1.6%, to 8,164, to hit a record high. Shares of Amazon got a boost from an investment by Warren Buffett's Berkshire Hathaway.
Friday's rally was led by Amazon, whose stock rose for the first time in five days after Buffett told reporters Thursday that one of his investment managers at Berkshire Hathaway has been buying Amazon. Shares of the e-commerce giant were up 3.2% Friday.
Shares of Tesla jumped nearly 4.5% after the electric car maker said Friday it increased the size of the stock and bond offering announced a day earlier and CEO Elon Musk intends to buy even more equity.
Despite Friday's gains, Dow still posted a small weekly loss of 0.15% as Fed Chairman Jerome Powell's comments triggered a two-day sell-off earlier in the week. The S&P 500 and the NASDAQ finished the week slightly higher.
The U.S. added an astonishing 263,000 new hires in April while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a report Friday from the U.S. Labor Department.
The non-farm payroll growth far outpaced Wall Street expectations of 190,000 and a 3.8% jobless rate, according to Dow Jones estimates.
Prices for the benchmark 10-year U.S. Treasury fell sharply, raising yields to 2.53% from Thursday's 2.55%. Treasury prices and yields move in opposite directions.
Oil prices added two cents to $61.83 U.S. a barrel.
Gold prices recovered $7.50 to $1,279.50 U.S. an ounce.