The U.S. stock market finished Friday sharply higher and the broad market managed a powerful rebound in a turbulent session that highlighted the choppy week that bullish investors faced amid evidence that an improving economy may drive corporate borrowing costs considerably higher, wreaking havoc on richly valued, speculative names that have enjoyed a powerful bound in the COVID-19 era. The tech-heavy Nasdaq Composite was on the frontlines during the period, on the brink of a correction at the conclusion of Thursday's close, the index finished 1.6% higher on Friday after notching an intrday low at 12,397.05, managing one of its biggest intraday comebacks in a year. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.20% posted a 572-point gain, up 1.9%, to around 31,496, while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.33% closed 2% higher at 3,842. The day's rally could be credited to monthly jobs report from the Labor Department that showed that the U.S. economy added 379,000 jobs in February, well above the forecast of 210,000. A rise in the 10-year Treasury note yield to 1.62% intially created a stiff headwind for equities but the lack of momentum in the bond selloff helped to refuel the rally in stocks. Bond prices fall as yields rise. For the week, the Dow closed up 1.8% thanks to Friday's rally, the S&P 500 put in a weekly climb of 0.8%, while the Nasdaq still notched a 2.1% drop, despite its Friday rebound.