BRUSSELS (AP) — Stocks rebounded Friday as investors breathed a sigh of relief at the news that the U.S. added more jobs than expected during July, putting a halt to one of the worst selloffs since the height of the 2008 financial crisis.
The monthly U.S. jobs data, which often set the market tone for a week or two after their release, were keenly awaited after Thursday's rout, when stocks suffered one of their worst days since the collapse of U.S. investment bank Lehman Brothers in 2008.
In the run-up to the release, there were fears that the figures may have added to growing market fears that the world's largest economy was heading back into recession.
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