NEW YORK (Reuters) - U.S. stocks rose on Friday after a stronger-than-expected payrolls report gave traders confidence that the economy could be healthy enough to withstand a scaling back of the Federal Reserve's stimulus.
Bitcoin's value took a tumble this week after the People's Bank of China issued an official statement about its stance on the digital coin, knocking the cryptocurrency's value down into the $800s after lofty $1200 highs.
A top Federal Reserve official said on Friday he was "open-minded" to the idea of reducing the U.S. central bank's bond purchasing stimulus program this month, but he would like to see a stronger labor market first.
The S&P 500 and Nasdaq moved markedly higher as well. Barring a huge sell-off in the afternoon, the Dow and S&P will snap a streak of five straight daily losses.
Federal police are blocking access to a central Mexico hospital where six people are reportedly being treated for radiation exposure.