Stocks pull a U-turn and soar after jobs report, trade talks

  • Trader Michael Milano works on the floor of the New York Stock Exchange, Friday, Jan. 4, 2019. Stocks are jumping at the open on Wall Street Friday as investors welcome news of trade talks between the U.S. and China and a big gain in jobs in the U.S. (AP Photo/Richard Drew)

NEW YORK — Global stocks are soaring Friday and reversing the big losses they suffered just a day earlier. The Dow Jones Industrial Average soared 700 points in the latest twist in a wild three months for markets.