Wall Street rallies over 1% after US payrolls report

US stock indices rose on Friday after strong US payrolls data for April. 

US unemployment was unchanged in April at 4.2%, same as expectations. 

The US economy added 177 thousand new jobs in April, above expectations of a 138 thousand addition, while the previous reading was revised downward to show an addition of 228 thousand instead of 185 thousand.

US President Donald Trump commented on the strong data and once again asked Fed Chair Jerome Powell to cut interest rates.

Nearly two thirds of S&P 500 companies reported their results for the first quarter, with 76% beating forecasts for profits.

On trading, Dow Jones rose 1.1%, or 446 points to 41204 points as of 16:47 GMT, while S&P 500 added 1.3%, or 73 points to 5677 points, as NASDAQ climbed 1.4% to 17,965 points.