Investing.com - The Dow Jones broke through the 25,000 point psychological level on Thursday as both the S&P 500 and Nasdaq also continued to rally into 2018.
At 9:46AM ET (15:22GMT), the Dow Jones rose 111 points, or 0.45%, to 25,034 points.
Meanwhile, the S&P 500 gained 8 points, or 0.29%, while the Nasdaq Composite traded up9 points, or 0.13%.
The break through the 25,000 point level came a day after the S&P also passed its own psychological mark of 2,700 points.
Bullish sentiment continued on Thursday on positive data on the U.S. labor market, one day ahead of the monthly jobs report.
The ADP national employment report showed on Thursday that the U.S. created 250,000 nonfarm jobs, blowing past estimates for an increase of just 191,000 posts and setting an upbeat outlook for the official government data out a day later.
Weekly jobless claims did miss the mark, rising by 250,000 which topped expectations for a reading of just 241,000. However, most economists consider a number below 300,000 to still be a sign of a strengthening labor market and the jobless rate is expected to remain near 17-year lows.
In mixed economic news, IHS Markit’s services purchasing managers' index clocked in at 53.7, beating forecasts for a reading of 52.4.
Although better-than-expected, the reading did show a softer expansion than November’s reading of 54.5.