Stocks rose at the open and the S&P 500 hit another record high after the June jobs report showed an accelerating recovery for the U.S. labour market.
The Dow Jones Industrials tacked on 30.79 points to open the last session before the Fourth of July weekend at 34,664.32.
The S&P 500 added 13.32 points to Wednesday’s record, registering at 4,333.26
The NASDAQ jumped 59.64 points to 14,582.02, to hit its own intraday all-time high.
For the week, the NASDAQ was up 1.1% as of Thursday’s close. The S&P 500 gathered 0.9% and Dow were up 0.6%.
The market was boosted in early trading by strong starts for semiconductor stocks and software names, including Salesforce. Tesla rose more than 3% after reporting a record for quarterly deliveries.
Shares of Boeing fell 2%, weighing on the Dow, after a 737 cargo plane made an emergency landing off the coast of Honolulu.
The U.S. economy added 850,000 jobs last month, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting an addition of 706,000. The print topped the 559,000 jobs created in May.
The unemployment rate did come in at 5.9%, higher than expected.
Prices for 10-Year Treasurys gained ground, lowering yields to 1.44% from Thursday’s 1.47%. Treasury prices and yields move in opposite directions.
Oil prices lost 39 cents to $74.84 U.S. a barrel.
Gold prices acquired $9.20 to $1,786 U.S. an ounce.