Wall Street ended sharply higher after a volatile session on Friday, with the Nasdaq rebounding at the end of a week that saw it extend losses to about 10% from its previous record high.
All three main indexes bounced back from losses earlier in the day, with investors in recent sessions spooked by rising interest rates that offset optimism about an economic rebound.
Microsoft rallied 2.15%, boosting the S&P 500 more than any other stock, with gains in Alphabet, Apple and Oracle also lifting the index.
The benchmark 10-year U.S. Treasury yields hit a new one-year high of 1.626% after nonfarm payrolls increased by 379,000 jobs last …
Keep on reading: Fueled by tech, Wall Street rebounds at end of volatile week