Dow jumps 3%, Apple new high, largest jobs gain ever

Stocks ended the week on a high note, as a record jobs report number pushed the major averages higher. The Dow, S&P 500 and Nasdaq Composite are all tracking for a third straight week of gains as a faster-than-expected economic recovery continues to fuel investor optimism.

• The Dow gained 829 points, 3.15%, its best daily performance since May 18 when it gained 3.85%
• Friday marked the Dow’s fifth positive session in a row for the first time since its 5-day streak ending Jan. 17
• This week, the Dow gained 6.81%, its best weekly performance since April 9 when it gained 12.67%
• Boeing (BA) has the most positive impact on the Dow, adding 145 points to the index
• The S&P 500 gained 82 points,  2.62%, its best daily performance since May 18 when it gained 3.15%
• Friday marked the S&P 500’s fifth positive session in 6
• The S&P 500 hit its highest level since February 25 in today’s session
• This week, the S&P 500 gained 4.91%, its best weekly performance since 4/9/2020 when it gained 12.10%
• SPY Impact: Apple (AAPL) has the most positive impact on the SPY, adding 0.52 points to the ETF
• The Nasdaq Composite gained 198 points, 2.06%, its best daily performance since May 20 when it gained 2.08%
• The Nasdaq hit a fresh all-time high in today’s session but failed to hit a record close.
• This week, the Nasdaq gained 3.42%, its third positive week in a row for the first time since its 6-week streak ending Jan. 17
• Nasdaq 100 (.NDX) Impact: Apple (AAPL) has the most positive impact on the NDX, adding 32 points to the index. — Hayes, Fitzgerald 

U.S. equities ended Friday with sharp gains following a better-than-expected jobs report that showed signs of economic recovery from the coronavirus downturn. The Nasdaq Composite jumped 2.06%. The technology-heavy index hit a new record high on Friday, making it the first of the major averages to make back all of its losses from the coronavirus downturn. The S&P 500 leaped 2.62%, bringing its week-to-date gain to nearly 5%. The S&P 500 is 1.1% from being positive for the year. The Dow Jones Industrial Average surged 829 points, or 3.15%. The 30-stock Dow is 5% from the flatline for the year. —Fitzgerald 

Gains for major airline stocks deflated as the Friday session progressed. American Airlines, up more than 36% earlier, has now risen 9.6% for the day. Shares of United Airlines have settled to roughly 8.9% higher after opening the session 25% higher. Raymond James analyst Savanthi Synth, who downgraded American to underperform from market perform on Friday morning, said on “Closing Bell” that airline stocks seem to be recovering at different rates and that the high flyers may be going too far. “There are some shares like American that seem to be trading like we…