Nasdaq hits intraday record | Dow jumps 800 points | 2.5 million jobs added

Stocks soared on Friday as a report showed the economy added 2.5 million jobs.

VIEW IN BROWSER | SUBSCRIBE FRI, JUN 05, 2020 EVENING BRIEF AS OF FRI, JUN 05, 2020 • 04:27 ET DJIA 27110.98 +3.15% +829.16 S&P 500 3193.93 +2.62% +81.58 NASDAQ 9814.08 +2.06% +198.27   Most Active DOW NAME LAST CHG %CHG BA 205.43 +21.13 +11.46% JPM 111.23 +4.79 +4.50% XOM 53.08 +3.98 +8.11% S&P 500 NAME LAST CHG %CHG AAL 18.59 +1.87 +11.18% F 7.34 +0.77 +11.72% GE 7.88 +0.14 +1.81% NASDAQ NAME LAST CHG %CHG AAL 18.59 +1.87 +11.18% UAL 42.41 +3.31 +8.45% AMD 53.10 +0.47 +0.89% EDITOR'S NOTE A V-shaped recovery appeared all but off the table just a couple of weeks ago, but the great economic reopening is swinging the lines on the charts upward.   Friday's unemployment report showed the economy actually added 2.5 million jobs - which was better than the 8.3 million payrolls economists had expected it to lose. I was also a lot better than the 20.7 million jobs lost in April.   "Barring a second surge of Covid-19, the overall U.S. economy may have turned a corner," said Tony Bedikian, head of global markets at Citizens Bank, "even though it still remains to be seen exactly what the new normal will look like." If anything looks like a V, it's the stock market, which rallied more than 800 points on Friday.   The Nasdaq became the first of the three major averages to climb back to a record high. The S&P 500 is only down a little more than 1% year to date, having turned up sharply from its March low.   Most astonishing is that all this optimism comes despite an ongoing pandemic, protests and heightened trade tensions with China.   "Sometimes you have to listen to what the market is telling us more than the tone of the news," said Art Hogan, chief market strategist at National Securities.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow jumps more than 800 points, Nasdaq hits a record after surprise jobs surge boosts recovery bets May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus The recovery from the coronavirus sure looks V-shaped, going by these charts Blowout jobs report justifies stock surge, bond market sell off Here's what Fundstrat's Tom Lee, who called the market recovery, thinks investors should do now As new data shows early signs of economic recovery, black workers are being left out Track the latest coronavirus news here Trump signs bill to ease guidelines on coronavirus relief loans for small businesses Reddit co-founder Ohanian resigns from board, urges company to replace him with a black candidate Brooks Brothers seeks financing for potential bankruptcy, as it continues sale process     TOP VIDEO VP Mike Pence on addressing inequality, coronavirus relief for states   CNBC PRO Bank of America sees the next extreme market move in Treasuries: 'Pain trade is bond crash'   SPECIAL REPORTS Tesla is headed to $1,000, trader says. Here's one way to ride the rally Buy Disney shares with 'both hands' if they reach this key level, Miller Tabak says   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS