NEW YORK — U.S. stocks rallied to their best day since 2022 following an encouraging update on the job market.

The S&amp;P 500 jumped 2.3%, continuing a roller-coaster ride for the market in recent days.

The Dow Jones Industrial Average added 1.8%, and the Nasdaq composite gained 2.9%. Treasury yields also climbed in the bond market, a signal that investors are feeling less worried about the economy, after a report showed fewer workers applied for unemployment benefits last week.

Eli Lilly helped lead the market with a gain of 9.5% after delivering better profit for the spring than expected. Big Tech stocks rebounded.

U.S. stocks rallied to their best day since 2022 following an encouraging update on the job market.{ai:summary}<p>In a city that never sleeps, the stock market woke up to good news—the job market tightened, and investors breathed a sigh of relief. The S&P 500 leaped ahead, fueled by a surge in optimism as Treasury yields climbed and jobless claims dipped.</p><p>Eli Lilly led the charge, showing strength amid a bouncing Big Tech sector. It was a rare day of clear skies, with bulls running wild on Wall Street.  
#economy</p>

Wall Street has best day since 2022 after encouraging update on U.S. job market; S&P 500 up 2.3%

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