There was no shock in the monthly US jobs report, which reassured investors fearing a possible disappointment from what is seen as the benchmark for the American economy.
The non-farm payrolls report revealed that 217,000 jobs were added in May, just above the 210,000 predicted by most economists.
The unemployment rate held firm at 6.3% as more people went on the hunt for jobs last month.
The US has now recovered all the jobs lost since the financial meltdown in 2008, but it has taken more than six years to overcome the deficit.
The news lifted US stocks to new record highs. The benchmark Dow Jones rose 0.3% to 16,883, while the S&P 500 picked up the same amount to 1,947 – new levels for both indices.
Hertz shares slumped 8.5% after the car rental group admitted it would have to restate its financial records from 2011 to 2013 due to accounting errors.
“Management, in consultation with the Audit Committee, has determined that at least one material weakness existed in Hertz’s internal control over financial reporting and that disclosure controls and procedures were ineffective at December 31, 2013,” it said.
Vodafone’s US shares were up 1% despite saying it allows governments to tap its lines.
Twitter meanwhile dipped 1% after agreeing to buy Namo Media, which specialises in native ads. It is all part of the micro blogging group’s plans to bolster its mobile advertising revenues. The terms of the deal however were not disclosed.