the dow jones industrial average was surging in late afternoon trading friday on track for its biggest gain since november after the senate passed the debtceiling bill and a government report showed the economy added more jobs than expected in may the dow djia was up nearly 717 points or 22 as the us stock market rallied heading towards the closing bell a close at that level would mark the index’s largest gain in points since the end of november according to dow jones market data meanwhile the sp 500 spx appeared on the verge of exiting its bear market based on late afternoon trading the index was trading at around 4285 just under the level it would need to hit for a bearmarket exit by finishing 20 above its 2022 closing low in october