U.S. stocks rallied on Friday after key jobs data came in much stronger than economists expected.

The Dow Jones Industrial Average traded higher by 227 points, or 0.5%. The S&P 500 climbed 0.7%, and the Nasdaq Composite rose by more than 1%.

Nonfarm payrolls rose by 254,000 jobs in September, far exceeding the 150,000 gain forecast by economists surveyed by Dow Jones. The unemployment rate fell to 4.1%, although it was expected to remain stable at 4.2%.

Friday’s advances mark a turnaround after rising geopolitical tensions in the Middle East led to a shaky start to October for stocks. The jobs report appeared to bring investors’ focus back to the government for the U.S. economy.

“After a summer of weak labor market data, this is a reassuring result that the U.S. economy remains resilient thanks to a healthy labor market,” said Michelle Cluver, head of ETF model portfolios at Global X. “We continue to be in an environment where the…” “Good economic news is good news for the stock market as it increases the potential for a soft landing.”

With Friday’s rise, the major averages were able to recoup this week’s losses. The S&P 500 is flat for the week, as are the Dow and Nasdaq.

Crude oil prices rose again on Friday, bringing the week-to-date gain to almost 9%. Oil prices rose due to the worsening conflict in the Middle East after Iran launched a missile attack on Israel.

Energy prices have risen idiosyncratically this week on oil’s rebound, with the S&P 500 sector gaining 5.9%. That puts the sector on track to post its biggest weekly gain in more than a year.

A closely watched dock strike ended Thursday evening when the International Longshoremen’s Association and the United States Maritime Alliance reached a tentative agreement on wages. The parties also agreed to extend their existing contract until January to allow more time for further negotiations.