Mumbai, Sept. 5 -- The Nasdaq jumped 209.97 points (1%) to 21,707.69, the S&P 500 advanced 53.82 points (0.8%) to 6,502.08 and the Dow climbed 350.06 points (0.8%) to 45,621.29.

ADP released a report showing weaker than expected private sector job growth in the month of August. It said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July.

The Labor Department released a report showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The report said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000. On Friday, the Labor Department is scheduled to release i...