The June jobs report, set for release Thursday, is expected to end the holiday-shortened week with a bang. Any labor market weakness will be closely watched as it could strengthen the case for an interest rate cut from the Federal Reserve sooner rather than later.

US stocks on the Dow Jones, Nasdaq, and S&P 500 rose on Thursday's stock market session after the US Labor Department data revealed a strong job report for the economy amid the raging concerns over U.

US stocks edged higher, with the S&P 500 reaching a new high, as strong jobs data tempered expectations for a July rate cut by the Federal Reserve, causing Treasury yields to surge. The market rally followed a surprisingly robust US jobs report,