Thursday, 3 July 2014
Dow, S&P 500 edge to records ahead of June jobs report
NEW YORK: The Dow and S&P 500 edged to new records on Wednesday ahead the official US jobs data for June, with the outlook buoyed by a strong ADP private sector report.
The Dow Jones Industrial Average gained 20.17 points (0.12 per cent) to 16,976.24, while the broad-based S&P 500 added 1.30 points (0.07 per cent) at 1,974.62. Both notched records for the second day in a row.
The tech-rich Nasdaq Composite Index slipped 0.92 points (0.02 per cent) to 4,457.73.
Payrolls company ADP said the private sector added 281,000 jobs in June, surging higher from 179,000 in May. That came ahead of Thursday's Department of Labor report on job creation and unemployment nationwide in June.
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