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Wall Street rises 1 percent on jobs, Europe


    NEW YORK (Reuters) - Major stock indexes rose more than 1 percent on Friday after data showed the U.S. jobless rate dropped to a 2-1/2 year low and as policymakers appeared to move closer to tackling Europe's debt crisis.

    The Dow Jones industrial average gained 121.24 points, or 1.01 percent, to 12,141.27. The Standard & Poor's 500 Index gained 15.10 points, or 1.21 percent, to 1,259.68. The Nasdaq Composite Index gained 32.59 points, or 1.24 percent, to 2,658.79.

    (Editing by Kenneth Barry)