Bojangles Soars 25% After IPO Debut; Investors Cheer April Jobs Report

It was a huge day for stocks. All major indexes finished Friday's trading day up over 1 percent on Friday. The S&P 500 closed higher by 28 points. The Dow Jones Industrial Average finished ahead 267 points and the Nasdaq, closing back above 5,000, added 58 points. The rally was largely on the heels of a strong April jobs report released Friday morning, showing the addition of 223,000 nonfarm payrolls during the month, in line with forecasts. 'It shows that the economy probably did bounce back a little bit in the second quarter from its weakness in the first quarter,' Jerry Webman, chief economist of OppenheimerFunds, told TheStreet TV. This comes after March's already disappointing jobs report was revised downward even further - proof that the weakness earlier this year was an anomaly. Meanwhile, shares of Bojangles (BOJA), the fried chicken and biscuit chain, debuted on the Nasdaq and jumped 25% from its opening price of $19 per share. TheStreet's Scott Gamm reports from New York.