Separately, payroll provider ADP said businesses added 176,000 jobs last month. That’s better than the revised total of 136,000 jobs it reported for May. If that pace keeps up, it would be enough to lower the unemployment rate.
An increase in jobs will spur people to spend and provide a boost to the economy. Though some key retailers reported poor sales for June, several others beat analysts’ expectations.
Ross Stores stock rose $4.41, or over 7 percent, to $67.19 after the discount store operator said sales at stores open at least a year rose 7 percent in June, easily beating Wall Street predictions. TJX Cos., which operates T.J. Maxx, Marshalls and Home Goods stores, also reported a wider-than-expected 7 percent increase in sales last month. Its stock rose $1.59, or 3.7 percent, to $44.09.
Among other stocks making big moves:
• Netflix jumped $9.68, or 13.5 percent, to $81.72 after the company said earlier this week that its online subscriber base was increasing.
• Apple gained $10.53, or 1.76 percent, to $609.94, after The Wall Street Journal reported that the company is preparing to come out with a tablet computer with a screen smaller than the one its hugely popular iPad.
• OraSure Technologies Inc. surged $1.26, or 10.4 percent, to $13.35 after the Food and Drug Administration approved the healthcare product company’s in-home oral test for HIV, which will be sold in stores starting in October.