Stocks rise on jobs data, S&P 500 nears week-long sweep

NEW YORK (AP) — Wall Street is rising 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 0.9% higher in midday trading and on pace for its fourth-straight gain. Stocks also rose across Europe and Asia, while oil prices ticked higher on hopes that a recovering economy will mean more demand. The gains for markets faded as the morning progressed, though, after Florida reported more than 10,000 new confirmed coronavirus cases for the first time. The bond market was also showing more caution than stocks