• U.S. stocks jumped Thursday after the June employment report showed the economy added more jobs than expected, reassuring investors that the recovery is continuing. All three major U.S. indexes finished the day and the week higher, despite seeing Thursday's gains ease in the final hour of trading. The Dow Jones Industrial Average finished the day up 92 points, or +0.4%. The blue-chip index had initially surged nearly 470 points to start the day, rising on excitement surrounding the jobs report. Meanwhile, broader the S&P 500 jumped +0.5% notching its fourth day of gains. The index's rally was broad-based, with nine of the index's 11 sectors ending the day higher. Growth stocks rallied, too. Google parent Alphabet added +1.9% and Tesla surged +8% after the electric car maker said Thursday that its second-quarter global deliveries fell less than expected. Amazon.com, meanwhile, edged up +0.4%, helping the company to notch its ninth consecutive weekly gain -- its longest weekly winning streak on record. Those jumps in momentum stocks pushed the Nasdaq Composite to a new all-time-high. he tech-heavy index gained +0.5%. All three indexes finished the week up +3.2% or more, with both the S&P 500 and the Dow industrials seeing their largest weekly increases since the first week of June. The Nasdaq, in comparison, clinched its highest one-week gain since the week ending May 8. Markets are closed Friday for the Independence Day holiday.
