Market recap: What spring swoon? Earlier shaky economic reports were tossed aside as investors...

|By:, SA News Editor
Market recap: What spring swoon? Earlier shaky economic reports were tossed aside as investors cheered a jobs report that easily beat expectations, pushing the S&P to a 1600-plus close for the first time and the Dow briefly to 15,000. Cyclical industrial and materials sector paced gainers. Nymex crude rose 1.7% as prospects for energy demand enjoyed a jolt. Treasury prices slid; the dollar gained 1% vs. the yen.