New York, May 4 (BridgeNews) - The Dow Jones industrial average closed at its highest level since Feb. 6 and the Nasdaq rose 2% despite data showing a rise in unemployment and the sharpest drop in payrolls since the recession of 1990-91. The Nasdaq closed up 45.38, or 2.11%, to 2191.58. The Dow was up 154.59, or 1.43%, to 10,951.24 and the S&P 500 was up 18.02, or 1.44%, to 1266.60.