The Dow Jones Industrial Average climbed above 29,000 for the first time despite the December jobs report falling short of expectations. All three of the major averages were trading in record territory.
There were huge losses in the stock market Monday as tensions escalate between the U.S. and China.
U.S. stocks surged Wednesday, recovering all their losses from a Christmas Eve plunge and placing the market on track for its best day in nine months.
President Donald Trump's attacks on the Federal Reserve spooked the stock market on Christmas Eve, and efforts by his Treasury secretary to calm investors' fears only seemed to make matters worse, contributing to another day of heavy losses on Wall Street.
The Dow Jones industrial average closed above 25,000 points for the first time, just five weeks after its first close above 24,000.