NEW YORK (Reuters) - Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery. The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session a hair’s breadth below it. All three major U.S. stock indexes advanced 2% or more. The S&P 500 and the Dow are now 5.7% and 8.3% below their respective closing records.
