Wall Street mixed at midday despite better than expected jobs data
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 ca...