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NEW YORK, June 4 (UPI) -- U.S. stock markets closed with gains Wednesday on a week of conflicting job news. An ADP and Macroeconomic Advisers report that said the economy added 40,000 jobs in May, while a Challenger, Gray and Christmas report said job cut announcements had hit a 29-month high in the same month.
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General Motors Corp. and United Airlines announced plans this week to trim payrolls.
GM said it would close four plants. United announced it would layoff 1,100 workers.
By close Wednesday, the Dow Jones industrial average had gained 83.70 or 0.67 percent at 12,486.55 points. The Standard & Poor's 500 index was up 0.61 percent or 8.37 points to 1,386.02. The Nasdaq composite index rose 33.27 or 1.34 percent to 2,513.75.
On the New York Stock Exchange 1,688 stocks advanced and 1,258 declined on a volume of 396 million shares traded.
The 10-year U.S. Treasury note lost 8/32 to yield 3.925 percent.
The dollar gained. The euro traded at $1.5439 from Tuesday's $1.5462, while the dollar traded at 105.13 yen from Tuesday's 105.10 yen.
In Tokyo, the Nikkei index gained 226.40 points to 14,435.57, up 1.59 percent.
In London, the FTSE 100 index lost 74.10 to 5,983.60, off 1.22 percent.
