U.S. stocks punched higher Thursday as investors digested a stronger-than-expected monthly employment report amid rising numbers of new coronavirus cases.

U.S. financial markets will be closed on Friday and the bond market will close an hour early at 2 p.m. Eastern time on Thursday with the Independence Day holiday observed on Friday instead of July 4th.

How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.58% rose 313 points, or 1.2%, to trade near 26,048, while the S&P 500 index SPX, +0.65% added 36 points, 1.2%, to reach 3,152. The Nasdaq Composite Index COMP, +0.79% gained 121

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