Editor Desk
Aug 5, 20161 min
U.S. stocks jumped Friday, with the Nasdaq and S&P 500 easily passing all-time closing highs, after the government reported a better-than-expected 255,000 jobs were created in July. That strong number confirms the labor market remains strong after a May dip and the consumer-led economy is on solid footing, upbeat developments that could impact the timetable for interest rate hikes from the Federal Reserve.