U.S. stocks climbed on Friday, with the major averages trying to finish their best week since November, as investors hoped a disappointing January jobs report would increase the likelihood of further stimulus.
The Dow Jones Industrials leaped 110.59 points to 31,166.45.
The S&P 500 strengthened 15.03 points to 3,886.80. The 30-stock Dow and the S&P 500 are on track to post their fifth straight positive day.
The NASDAQ Composite climbed 50.48 points to 13,828.64, after both S&P and NASDAQ closed at record highs in the previous session.
The major averages are on pace for their best weekly performance since November. The blue-chip Dow has gained 2%, while the S&P 500 sprang 4.6%, and the NASDAQ has risen 5.6%. The market rebounded from last week's sharp losses as the speculative trading frenzy dissipated.
Wall Street is in the middle of a solid earnings season. Of the 184 companies in the S&P 500 that have reported earnings to date, 84.2% topped analyst expectations.
The U.S. Labor Department said the economy added 49,000 jobs in January, slightly below the 50,000 payrolls expected by economists. The unemployment rate fell to 6.3%, better than projections of 6.7%. December's numbers were revised much lower, with the month posting a loss of 227,000 from the initial reading of 140,000 jobs lost.
Prices for 10-Year Treasurys were lower, raising yields to 1.15% from Thursday's 1.14%. Treasury prices and yields move in opposite directions.
Oil prices grabbed 65 cents to $56.88 U.S. a barrel.
Gold prices shone $19.20 to $1,810.40 U.S. an ounce.