Markets rally on strong US jobs data

The Dow Jones was up 2.73% at 11,012.08, having closed last night down 4.62%, while the S&P 500 was up 2.97% at 1,154. Earlier, the US Labor Department revealed unemployment benefits fell 7,000 to a seasonally adjusted 395,000, the lowest level since early April and beating economists' forecasts. In London, the FTSE was up 2.18% at 5,116.42 as it approached the end of trading. Having initially opened healthily, it fell below 5,000 at one point, although it rallied on the positive jobs data from across the Atlantic. Barlcays clawed back some of its losses from yesterday and was u...