Market Snapshot: Stocks rise; S&P 500, Dow on track to set record highs

Stock rose Wednesday morning, putting the S&P 500 index on track to mark its fifth straight gain and its third consecutive record close, and the Dow on track to notch its first record close since October, as investors bet on price-support from monetary policy.

Market participants were also digesting new U.S. job-growth estimates from ADP as well as jobless claims data that paint a conflicting picture of the labor market ahead of the much anticipated government job report, due Friday.

U.S. markets will be closed on Thursday for Independence Day, with equity markets closing at 1 p.m. Eastern Time Wednesday and bond markets set to close at 2 p.m.

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