Stocks posted sharp gains Friday, with the tech-heavy Nasdaq hitting a record high, as investors reacted to stronger February job growth than expected.

The Dow Jones Industrial Average rallied 440.52 points, or 1.77%, to 25,335.74. The S&P 500 rose 47.60 points, or 1.74%, to 2,786.57. The Nasdaq Composite jumped 132.86 points, or 1.79%, to 7,560.81.

Wall Street celebrated the nine-year anniversary of the bull market by pushing the Dow back above the 25,000 milestone after the monthly jobs report easily beat estimates. The U.S. government reported that employers created 313,000 jobs in February -- crushing analysts' forecast of 200,000, according to a survey of analysts by Reuters.

The unemployment rate held steady at 4.1% in the month, just above the 4% analysts anticipated.

The gains came against a backdrop of tariffs and North Korea developments. The tariffs that Trump officially announced called for a 25% tariff on imported steel and a 10% tariff on imported aluminum, though Canada and Mexico are not immediately subject to those tariffs, which go into effect March 23. The exclusion of two allies eased concerns on Wall Street of increased trade tensions. Trump also has accepted an invitation from North Korean leader Kim Jong Un for a face-to-face meeting, which the White House said would take place no later than May of this year.

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