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How major US stock indexes fared Friday

Stocks closed broadly higher Friday as investors bet that a report showing the U.S. added fewer jobs than expected last month increases the odds that the Federal Reserve will cut interest rates in coming months.

The rally capped a week of gains that gave the benchmark S&P 500 index its best week since late November and reversed most of the market's losses in May. On Friday: The S&P 500 index rose 29.85 points, or 1.1%, to 2,873.34.

The Dow Jones Industrial Average gained 263.28 points, or 1%, to 25,983.94. The Nasdaq composite climbed 126.55 points, or 1.7%, to 7,742.10. The Russell 2000 index of smaller companies picked up 10.85 points, or 0.7%, to 1,514.39.

For the week: The S&P 500 gained 121.28 points, or 4.4%. The Dow rose 1,168.90 points, or 4.7%. The Nasdaq climbed 288.95 points, or 3.9%. The Russell 2000 added 48.90 points, or 3.3%. For the year: The S&P 500 is up 366.49 points, or 14.6%.

The Dow is up 2,656.48 points, or 11.4%. The Nasdaq is up 1,106.82 points, or 16.7%. The Russell 2000 is up 165.83 points, or 12.3%.

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