国际英语新闻：U.S. stocks halt three-week losing streak

NEW YORK, Sept. 3 (Xinhua) -- The closely-watched monthly jobs report released on Friday turned out to be a big bang for the market, sending U.S. stocks much higher for the day and the week.

The Dow Jones industrial average rose 127.83 points, or 1.24 percent, to 10,447.93. The Standard & Poor's 500 index gained 14. 41 points, or 1.32 percent, to 1,104.54 and the Nasdaq rallied 33. 74 points, or 1.53 percent, to 2,233.75.

For the week, the Dow gained nearly three percent, while S&P and Nasdaq jumping more than 3.5 percent. And it is the first weekly gain for the equity market in a month.

Major indexes have been moving downward in the past three weeks. Mounting concerns about the health of the economic recovery pressured all three major indexes sharply lower last month, posting first down August in five years and the worst August since 2001.

Strong manufacturing data from United States and China as well as upbeat housing and retail sale data boosted the market sentiment. Wall Street has staged a strong rally in the past three sessions.

But Friday's non-farm payroll report from the Labor Department has been the most watched economic report for the week, and the much-better-than-expected further fueled the rally.

According to the report, U.S. economy lost 54,000 jobs in August, way better than the 110,000 losses economists had expected.