US markets hit new record highs
(Closed): Wall Street markets closed up after figures showed stronger than expected growth in the labour market.
The S&P 500 index climbed 18.62 points, or 0.86%, to 2,182.87, beating an all-time high record set last month.
The US economy added 255,000 jobs last month and figures for May and June were also revised upwards.
The figures add to speculation that the Federal Reserve will raise interest rates by the end of the year.
"The most important takeaway from a better jobs report is an indication of a continued grind higher in the US economy," said Michael James, managing director of equity trading at Wedbush Securities.
Shares in Bristol-Myers Squibb sank 16% after the company said its Opdivo cancer treatment had failed in a key study.
In contrast, shares in Merck, which makes a rival treatment, saw its shares jump 10% to $63.86.