Stocks close at all-time highs
NEW YORK — Stocks closed at their latest all-time highs Wednesday following news that business hiring surged in June, adding to evidence that the U.S. economy is picking up momentum.
ADP, a payroll processer, said businesses added 281,000 jobs last month, up from 179,000 in the previous month. The figure suggests the government’s monthly jobs report, due out Thursday, could also show a significant gain from May.
The stock market climbed back to record levels a day earlier after separate reports showed that manufacturing expanded in China and the U.S., the world’s two largest economies.
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