Markets climb on jobs data

U.S. markets moved higher Thursday after Automatic Data Processing Inc. said 157,000 jobs were added to the economy in June. ADP tracks private sector jobs and releases its report earlier in the week than the Labor Department releases a highly anticipated report that includes private sector and government jobs. In early afternoon trading on Wall Street, the Dow Jones industrial average added 107.55 points or 0.85 percent to 12,732.40. The Standard & Poor's 500 index gained 14.74 or 1.1 percent to 1,353.96. The Nasdaq composite index rose 40.40 or 1.43 percent to 2,874.42. The benchmark 10-year treasury note lost 14/32 to yield 3.16 percent. The euro rose to $1.4351 from Wednesday's $1.4319. Against the yen, the dollar rose to 81.21 yen from Thursday's 80.91 yen. In Tokyo, the Nikkei 225 index lost 0.11 percent, 11.34, to 10,071.14. In London, the FTSE 100 index added 0.86 percent, 51.63, to 6,054.55.