Jobs report, Trump’s tax bill and trade deals drive stocks: Live Updates

Stocks closed higher on Thursday in a holiday-shortened trading session following the release of the June jobs report.

The Dow Jones Industrial Average climbed 344.11 points, or 0.77%, while the S&P 500 and Nasdaq Composite hit new records, rising 0.83% and 1.02%, respectively.

The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy.

The Labor Department on Thursday reported that employers added 147,000 jobs
in June. That figure was above the estimate of economists polled by LSEG, who projected 110,000 jobs would be added.

The unemployment rate ticked slightly lower to 4.1%, which was lower than economists’ expectations of 4.3%.