(CNBC) U.S. stocks traded higher on Friday after the release of stronger-than-expected employment data.

The Nasdaq composite advanced 1.5 percent and hit an all-time high, erasing the losses from last month's correction. The Nasdaq 100, which is made up of the 100 largest companies in the Nasdaq composite, also reached a record high. Friday marked the first time since Jan. 26 that either index reached a record high.

Shares of Facebook, Amazon, Netflix and Google all rose to help the indexes rise.

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