The major U.S. stock market indexes rose sharply last week as investors bet that a weaker-than-expected employment report could slow interest-rate increases.
The Dow Jones industrial average finished the week at 10,716, up 2.8 percent for the week. The Standard & Poor's 500-stock index closed Friday at 1,203, a 2.7 percent gain. The Nasdaq Stock Market composite index finished at 2,087, up 2.5 percent.
Stocks in the Washington region also jumped.
The Washington Post-Bloomberg regional stock index closed at 266.66, up 6.54 for the week. The Potomac Tech 60 finished the week at 731.47, a gain of 14.94.