The Dow and the Nasdaq ended the week almost 3 percent higher, while the S.& P. closed up 3.5 percent for the week.  Shares were led by the financial sector, with Wells Fargo rising 6.4 percent to $29.22, Bank of America up nearly 2 percent at $12.36, JPMorgan Chase up 2.86 percent at $40.94 and Citigroup up 3.7 percent at $4.49.  Corporate earnings reports for the third quarter have also been generally upbeat, although Kraft Foods reported revenue on Thursday that fell below analysts’ forecasts, weighing down the consumer shares sector and the Dow. Its shares fell 71 cents, or 2 percent, on Friday to $31.08 each.  Interest rates rose slightly. The Treasury’s benchmark 10-year note fell 12/32, to 100 25/32, and the yield rose to 2.53 percent, from 2.49 percent, late Thursday.  Kevin H. Giddis, the executive managing director and president for fixed-income capital markets at Morgan Keegan & Company, said that Treasuries were lower after the jobs report but that the Fed program was still providing some support.  The dollar was slightly higher on its weighted index, with the euro falling to just over $1.40.  Analysts said recent economic statistics, including those in a housing report and Friday’s jobs report, were showing signs of stability.  “The market has been moving with what would appear to be conviction to the upside for a large number of weeks,” said Stephen Wood, the senior portfolio strategist for Russell Investments. “You are getting a stabilization in the employment market. The forecast and perspectives that a lot of the investors are bringing with them into the fourth quarter are holding pretty stable.”  James W. Paulsen, the chief investment strategist for Wells Capital Management, said there were starting to be fundamental supports to the recent rally. “This rally of the last couple of months is predicated on the elections and QE2,” said Mr. Paulsen, referring to the midterm elections, in which the Republicans won control of the House of Representatives, and the second round of quantitative easing announced by the Federal Reserve.  There was “increasing economic momentum against the backdrop of a market that is already up,” he said.  The Fed decision lifted markets in Asia. In Tokyo, the Nikkei 225 index rallied to close 2.9 percent higher. In Hong Kong, the Hang Seng index rose 1.4 percent, while stocks in Shanghai were up nearly 1.4 percent as well.  In Europe, the Euro Stoxx 50 index, a barometer of euro zone blue chips, was down about 0.29 percent. The FTSE 100 index in London rose 12.56, or 0.21 percent, to 5,875.35. The CAC 40 in Paris was generally flat at 3,916.73 and the DAX in Frankfurt rose about 19.51 points, or around 0.3 percent, to 6,754.20.  Catherine Rampell and Bettina Wassener contributed reporting.  A version of this article appears in print on November 6, 2010, on Page B7 of the New York edition with the headline: Jobs Report Helps a Rally, Lifting Indexes to Highest Levels This Year. Order Reprints| Today's Paper|Subscribe
The major indexes were up about 3 percent for the week, initially pushed higher by the Fed’s $600 billion plan to stimulate the economy.