NEW YORK, Oct. 22 (Xinhua) -- S&P 500 continued to jump to uncharted territory Tuesday, as investors expected in general that the U.S. Federal Reserve would keep its stimulus in place following the long-delayed September non-farm payrolls report.
In midday trading, the Dow Jones Industrial Average rallied 62. 16 points, or 0.40 percent, to 15,454.36 points. The S&P 500 rose 8.40 points, or 0.48 percent, to 1,753.06 points. The Nasdaq Composite Index increased 6.91 points, or 0.18 percent, to 3,926. 96 points.
In the previous trading day, the S&P 500 closed at its record high for a third consecutive session, after U.S. Congress struck a last-minute deal to reopen the U.S. government and raise the debt ceiling last week.
Most traders believed that the U.S. central bank would not taper its quantitative easing until early next year, since the government shutdown had dampened consumer sentiment and posed a negative effect on the economy.
U.S. employers added 148,000 jobs in September, the Labor Department said Tuesday, missing market estimates. While the unemployment rate edged down to a near-five-year low of 7.2 percent from 7.3 percent in August, mainly due to a lower labor- force participation rate.
Moreover, the Commerce Department announced Tuesday that construction spending advanced 0.6 percent in August to a seasonally adjusted annual rate of 915.1 billion U.S. dollars.
Government-prepared data flow will gradually resume after the non-farm payrolls report. The U.S. government's first partial shutdown in 17 years has resulted in the delay of a string of official data releases.
Wall Street also regained momentum from two Dow components which reported better-than-expected third-quarter profits on Tuesday morning.
U.S. chemical company DuPont reported net income attributable to the company of 285 million dollars, up from 5 million dollars in the year-ago quarter, beating market consensus. Meanwhile, United Technologies Corp.'s third-quarter net sales rose to 15.46 billion dollars, up 2.8 percent year on year.