Jobs report fuels U.S. stocks in early trading Thursday

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The New York Stock Exchange, pictured on Wall Street in New York City on June 26, saw stocks climb Thursday after a positive June jobs report. Photo by John Angelillo/UPI

The New York Stock Exchange, pictured on Wall Street in New York City on June 26, saw stocks climb Thursday after a positive June jobs report. Photo by John Angelillo/UPI | License Photo

U.S. stocks surged after the opening bell on Wall Street Thursday following a jobs report that smashed expectations.

The Dow Jones Industrial Average soared in pre-market trading and was up nearly 200 points by 11:30 a.m. EDT. The blue chip index closed Tuesday with a gain of more than 200 points, finishing its best quarterly performance since 1987.

The S&P 500 was up about 20 points and the Nasdaq had risen about 70 by late Thursday morning.

Earlier, the Labor Department reported that the U.S. economy added 4.8 million jobs for the month of June, far more than the 3 million forecast by many analysts.

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