| S&P 500, Nasdaq Roar to Fresh Records After Strong Jobs ReportLast d: 5 hours agoStocks Set Fresh Record Highs Ahead of July 4th Holiday. Jobs Report Ignites a Market Rally.
ByConnor SmithThe stock market was poised to end the holiday-shortened week at record levels after the June payrolls report showed a surprising amount of resilience in the labor market.
The S&P 500 was up 0. The Nasdaq Composite was up 0. The S&P and Nasdaq need only close up on the day to build on their closing highs. The Dow Jones Industrial Average rose 88 points, or 0.
It entered the day a little more than 1% off its Dec. 4 closing high.
Economy added 147,000 jobs in June, which not only topped economists' expectations, but countered market worries troubles in the labor market sparked by the June ADP private payrolls number on Wednesday.