Stocks wrapped up one of the best weeks of the year. The Dow Jones industrial average and S&P 500 closed higher for the sixth straight trading day and ended the week up more than 2%.
The Dow has closed at record highs for four consecutive days, and the S&P 500 is only about 1% below its all-time high. On Friday, the Dow gained 0.5%. The Nasdaq and S&P 500 also rose about 0.4%.
Friday's robust jobs report capped off a string of positive labor reports that have given investors reason to believe the economy is finally on firmer footing.
The U.S. government reported early Friday that 236,000 jobs were added to the economy in February, and the unemployment rate dropped to 7.7%. The employment gains beat analysts' forecasts by a wide margin.
"The employment numbers offered some confirmation that the economy is getting better," said Giri Cherukuri, a portfolio manager at Oakbrook Investments. As long as economic data continue to show the recovery is gaining steam, Cherukuri bets that stocks will keep marching higher.
All three major indexes are already up between 7% and 10% so far this year.