U.S. stocks rise, snapping 2-day losing streak

NEW YORK, June 2 (Xinhua) -- U.S. stocks rallied on Thursday, snapping a two-day losing streak.

The Dow Jones Industrial Average increased 435.05 points, or 1.33 percent, to 33,248.28. The S&P 500 was up 75.59 points, or 1.84 percent, to 4,176.82. The Nasdaq Composite Index rose 322.44 points, or 2.69 percent, to 12,316.90.

Ten of the 11 primary S&P 500 sectors ended in green, with consumer discretionary and materials up 3.03 percent and 2.68 percent, respectively, outpacing the rest. Energy slipped 0.3 percent, the lone declining group.

Investors parsed a slew of key economic data.

Payroll data company Automatic Data Processing reported Thursday that private companies in the United States added 128,000 jobs in May, indicating slower job growth in a tight labor market.

U.S. initial jobless claims, a rough way to measure layoffs, decreased by 11,000 to 200,000 in the week ending May 28, said the Department of Labor.

The more closely-watched employment report for May is slated for release on Friday, which will include employment data from both the private sector and the government.