Dow adds more than 300 points to record close, Nasdaq turns positive in afternoon jump Traders reacted to jobless claims falling to 498,000 last week, well below the 538,000 expected 4:20pm: PayPal shares pop on earnings beat Traders stepped on the gas in the final hours, propeling the Dow 318 points higher, a gain of nearly 1%, to a record 34,549. The Nasdaq gained 50 points, 0.4%, to 13,633 after spending most of the day in the red, and the S&P 500 picked up 34 points, 0.8%, to finish at 4,202. PayPal Holdings Inc (NASDAQ:PYPL) got in on the gains after the company reported earnings that came in ahead of expectations and revenue that jumped 31% year-over-year. Shares gained nearly 2% to $252.02.