Stocks rose on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown.
The Dow Jones Industrial Average traded 232 points higher, or 0.9%. The Nasdaq Composite hit a record high, climbing 0.9%. The S&P 500 gained 0.9%. Boeing contributed to the gains, rising 0.6% after the airplane maker completed recertification flights for its grounded 737 Max jet.
Thursday’s gains put the major averages on pace for strong weekly gains. The Dow and S&P 500 were both up more than 3.7% for the week. The Nasdaq has gained 5.2% in that time. U.S. markets will be closed on Friday for the July Fourth holiday.