The Dow Jones Industrial Average jumped 128 points, or 1.24 percent, to close at 10,448, extending gains since Monday on mostly positive economic data.

The broader S&P 500 index gained 14 points, or 1.32 percent, to 1,105 points while the tech-rich Nasdaq composite index climbed 34 points, or 1.53 percent, to 2,234.

In a closely-watched report, the Labour Department said the economy lost 54,000 jobs last month, a better figure than the 120,000 loss expected by economists. However, the private sector created a much better-than-expected 67,000 jobs.