U.S. stocks climbed on Friday, wrapping up a strong week on Wall Street as investors hoped a disappointing January jobs report would increase the likelihood of further stimulus.
The Dow Jones Industrials leaped 92.38 points to 31,148.24, led by Nike and Cisco.
The S&P 500 strengthened to a record close of 3,886.83 as 10 of the 11 sectors posted gains.
The NASDAQ Composite climbed 78.55 points to 13,856.30, after both S&P and NASDAQ closed at record highs in the previous session.
All three major benchmarks notched their best week since November. The blue-chip Dow gained 3.9% for the week, while the S&P 500 took on 4.7% and the tech-heavy NASDAQ jumped 6%.
Wall Street is in the middle of a solid earnings season. Of the 184 companies in the S&P 500 that have reported earnings to date, 84.2% topped analyst expectations.
The U.S. Labor Department said the economy added 49,000 jobs in January, slightly below the 50,000 payrolls expected by economists. The unemployment rate fell to 6.3%, better than projections of 6.7%.
December's numbers were revised much lower, with the month posting a loss of 227,000 from the initial reading of 140,000 jobs lost.
Prices for 10-Year Treasurys were lower, raising yields to 1.17% from Thursday's 1.14%. Treasury prices and yields move in opposite directions.
Oil prices gushed 73 cents to $56.96 U.S. a barrel.
Gold prices shone $20.20 to $1,811.40 U.S. an ounce.