Stocks rally on strong job gains, S&P nears week-long sweep

NEW YORK (AP) — Wall Street is rallying Thursday after a report showed the U.S. job market continues to climb from the crater created by the coronavirus pandemic in the spring. The S&P 500 was up 1% in morning trading, on pace for its fourth straight gain. Stocks also rose across Europe and Asia, while oil prices strengthened on hopes for more demand  The bond market was still showing caution, though, and Treasury yields were holding relatively steady. If the S&P 500 stays higher, it will mean the index rose every day this week. Markets will be closed Friday in observance of Independence Day.