LB:CC - Stocks Rally on Jobs Numbers But Still Headed for Losing Week

Stocks rebounded Friday morning following the index's worst session in over a year as traders assessed the March jobs report.

The Dow Jones Industrials recovered 112.12 points to 39,709.10.

The S&P 500 gained 30.41 points to 5,177.62.

The NASDAQ hiked 146.84 points to 16,195.29.

Job growth totaled 303,000 in March, which was better than expected, while the unemployment rate came in at 3.8% for the month, as expected. Nonfarm payrolls were expected to increase by 200,000, according to Dow Jones estimates. Wages rose 0.3% for the month and 4.1% from a year ago, both in line with estimates.

Prices for the 10-year Treasury sagged, boosting yields to 4.35% from Thursday's 4.31%. Treasury prices and yields move in opposite directions.

Oil prices reasserted themselves $1.22 to $86.65 U.S. a barrel.

Gold prices hesitated $10.10 to $2,304.90 U.S. an ounce.