MARKETS SPIKE AFTER HUGE JOBS REPORT

The April jobs report is out and the markets are jumping.

Dow futures are now up 70 points after being down by 3 points just before the report.

Nonfarm payrolls jumped by 165,000 in April, which was much stronger than the 140,000 expected by economists.

The unemployment rate slipped to 7.5%.

Click here for full coverage of the jobs report.