U.S. stocks climbed further into record heights on Thursday after a report showed the U.S. job market looks stronger than Wall Street expected.

The S&P 500 rose 0.8% and set an all-time high for the fourth time in five days. The Dow Jones industrial average added 344 points, or 0.8%, and the Nasdaq composite gained 1%.

The market’s gains were widespread, and companies whose profits can get the biggest boosts when workers are feeling confident helped lead the way. Expedia climbed 3.2%, and Norwegian Cruise Line steamed 2.9% higher.

Bank stocks were also strong, with Citigroup up 2.3%, and JPMorgan Chase up 1.9%.

The reaction was bigger in the bond market following the report from the U.S. government, which said employers added 147,000 more jobs to their payrolls last month than they cut.

Yields jumped in the bond market as investors bet the better-than-expected data could keep the Federal Reserve on hold when it comes to interest rates.

Traders in the futures market now see less than a 5% chance that the Fed could cut its main interest rate at its next meeting later this month.

The yield on the 10-year Treasury rose to 4.34% from 4.30% late Wednesday. The two-year Treasury yield, which moves more closely with expectations for the Fed, jumped even more. It climbed to 3.88% from 3.78%.

On Wall Street, Datadog rallied 14.9% after learning that its stock will join the widely followed S&P 500 index before trading begins on Wednesday.

On the losing side of Wall Street were companies that can feel pain from interest rates staying high.

Homebuilders would like rates to fall in order to make mortgages cheaper to get, for example, and Lennar sank 4.1%, while D.R. Horton dropped 2.7%.

All told, the S&P 500 rose 51.93 points to 6,279.35. The Dow added 344.11 to 44,828.53, and the Nasdaq composite climbed 207.97 to 20,601.10.

— Associated Press