Epic US Markets Update

 The Dow and S&P 500 advanced to all-time closing highs on Friday, with major indexes jumping 1 percent after an unexpectedly strong April jobs report eased concerns about an economic slowdown.

The S&P closed above 1,600 and the Dow briefly traded above 15,000 for the first time as stocks extended this year’s rally. Bellwether companies, including Chevron Corp, Boeing Co and Johnson & Johnson reached 52-week highs.

The Russell 2000 stock index of mid- and small cap companies also hit a record, confirming the broadness of the rally. About 70 percent of stocks on both the New York Stock Exchange and the Nasdaq ended in positive territory.

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