NEW YORK — Good news was finally good news for the stock market on Friday.
Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy.
“The jobs report was outstanding,” said Randy Frederick, a director of trading and derivatives at Charles Schwab. “It’s refreshing to see the markets react positively, because we’ve been in a mode for so long of ‘good news is bad news.’”
Employers added 203,000 jobs last month after adding 200,000 in October, the Labor Department announced.