India, July 3 -- Stocks have moved notably higher during trading on Thursday, adding to the gains posted in the previous session. With the continued upward move, the Nasdaq and the S&P 500 have reached new record intraday highs.
Currently, the major averages are just off their highs of the session. The Nasdaq is up 179.30 points or 0.9 percent at 20,572.43, the S&P 500 is up 47.22 points or 0.8 percent at 6,274.64 and the Dow is up 365.28 points or 0.8 percent at 44,849.70.
The continued strength on Wall Street comes following the release of a closely watched Labor Department report showing employment in the U.S. increased by more than expected in the month of June.
The Labor Department said non-farm payroll employment shot up by 147,000...