Goldilocks returns to Wall Street, Dow Jones surges 701 points

NEW YORK, New York - U.S. stocks surged on Friday on the debt ceiling resolution and a strong jobs report.

Nonfarm payrolls for May came in much higher than anticipated. An increase of 190,000 was expected. However, the number came in at 339,000. The U.S. has now recorded 29 consecutive months of job growth.

"The so-called Goldilocks has entered the house," Terry Sandven, chief equity strategist at U.S. Ban