US MARKET BREAKING NEWS 7/7

1. ECB Raises Interest Rates to 1.5 Percent
2. Private Sector Gains 157,000 Jobs in June, Well Ahead of Estimates: ADP 

3. Weekly Jobless Claims Drop to 418,000, More Than Expected; ADP Shows 157,000 Gain

4. Stocks climbed at the open Thursday after investors cheered a pair of employment reports that showed better-than-expected results.

5. Stocks climbed Thursday after an encouraging pair of employment reports and stronger-than-expected monthly chain-store sales reassured investors that the economy may be exiting the soft patch. JPMorgan gained, Pfizer declined.

6. Stocks backed off from their intraday highs, but still finished sharply higher Thursday after a pair of jobs news offered some hope that the employment picture was improving ahead of the critical government non-farm payroll report.