Wall Street boosted by strong jobs data
(Close): Wall Street closed up following a strong US jobs report that showed unemployment remaining at a seven and half year low.
The Dow Jones Industrial Average gained 369.96 points or 2.12% finishing at 17,847.63.
The US market added 211,000 new jobs in November leaving unemployment at 5%.
Many investors now believe it is inevitable that the Federal Reserve will raise interest rates when it meets on 15 and 16 December.
Oil services companies were some of the few to fall on Friday after OPEC- a group of large oil producing countries- announced it would keep production levels unchanged.
While the domestic economy showed signs of strengthening, the slowdown in the global economy weighed on America's trade deficit.
Data from the US Commerce Department showed the gap between what America imports and what it exports rose 3.4% to $43.9 billion in October.