India, May 3 -- Stocks have moved sharply higher during trading on Friday, extending the strong upward move seen over the course of the previous session. The major averages have all moved to the upside, with the tech-heavy Nasdaq leading the charge.
Currently, the major averages are off their best levels of the day but still firmly positive. The Nasdaq is up 306.22 points or 1.9 percent at 16,147.18, the S&P 500 is up 52.29 points or 1.0 percent at 5,116.49 and the Dow is up 353.10 points or 0.9 percent at 38,578.76.
The extended rally on Wall Street comes following the release of a closely watched Labor Department showing employment in the U.S. increased by much less than expected in the month of April.
The Labor Department said non-far...