Stocks extend gains on strong job creation, trade progress

U.S. stocks jumped Thursday following better-than-expected jobs data and news that American and Chinese trade negotiators have set another round of talks for next month.

Private employers added 195,000 jobs in August, according to the latest ADP National Employment Report, surging past analyst expectations of 149,000 even as recession fears continue to mount. Most hiring took place in the service-providing sector, with 184,000 new jobs created. Manufacturing hiring remained fairly steady, with 8,000 jobs added.

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