NEW YORK—Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared.
The S&P 500 leaped 1.5 percent for the latest surge in a rally that’s vaulted it nearly 20 percent since mid-October. That put Wall Street’s main measure of health on the edge of entering what’s called a “bull market” despite a long list of challenges.
