NEW YORK, Nov. 1 (UPI) -- U.S. markets jumped Thursday after Automatic Data Processing Inc. said the economy gained 158,000 jobs in October.
The ADP report, delayed a day by Hurricane Sandy, hints at the Labor Department jobs report due Friday that includes public and private sector jobs -- as opposed to the ADP figure that only deals with the private sector.
Friday's report is highly anticipated each month, but all the more so as it could reveal bragging rights or embarrassment for presidential candidates four days from a national election.
On Thursday, the Institute of Supply Management said the manufacturing Purchasing Managers' Index rose slightly September to October climbing from to 51.5 from 51.7. Numbers above 50 indicate business expansion.
In a city beset by power outages, floods and less than a full workforce returning to work after a massive hurricane, the Dow Jones industrial average added 161.25 points, 1.23 percent, to 13,257.71 on The New York Stock Exchange. The Nasdaq composite index gained 39.01 points, 1.31 percent, to 3,016.24. The Standard & Poor's 500 index added 14.59 points, 1.03 percent, to 1,426.75.
The benchmark 10-year treasury fell 7/32 to yield 1.719 percent.
The euro rose to $1.2974 from Wednesday's $1.296. Against the yen, the dollar rose to 80.12 yen from 79.78 yen.
In Tokyo, the Nikkei 225 index added 0.21 percent, 18.58, to 8,946.87.