NEW YORK, Aug. 8 (Xinhua) -- U.S. stocks traded higher on Tuesday, with the Dow Jones Industrial Average and the S&P 500 hitting record highs, as investors cheered on better-than-expected jobs data.
At midday, the Dow Jones Industrial Average rose 48.60 points, or 0.22 percent, to 22,167.02. The S&P 500 gained 8.03 points, or 0.32 percent, to 2,488.94. The Nasdaq Composite Index was up 31.14 points, or 0.49 percent, to 6,414.91.
The number of U.S. job openings was at 6.2 million on the last business day in June, a record high, a report from the Labor Department showed on Tuesday. The latest reading also beat market consensus.
In corporate news, U.S. retailer Michael Kors said on Tuesday that the company's sales in the quarter ended July 1 fell 5.9 percent, better than the 8.9-percent drop that Wall Street was expecting.
Total revenue for the first quarter came in at 952.4 million U.S. dollars, again topping analysts' estimates for sales of 918.6 million U.S. dollars.
Shares of Michael Kors soared over 21 percent around midday after the announcement.
Meanwhile, traders were still digesting the latest comments from a Federal Reserve official.
St. Louis Federal Reserve President James Bullard said on Monday that the central bank won't need to raise rates in the near term. "The current level of the policy rate is likely to remain appropriate over the near term," he said. Enditem
