wall street stocks rallied thursday after two down sessions ahead of key jobs data as markets fixate on the implications for inflation and monetary policy payroll services firm adp said private employment rose by 128000 positions last month far less than economists expected and well below aprils total while the adp data is not necessarily a harbinger of fridays government jobs report some market watchers think a labor department report showing weakening hiring and less wage pressure could greet investors some traders expect to see cooler labor demand which could slightly ease some inflation worries said oandas edward moya the dow jones industrial average finished up 13 percent at 3324828 the broadbased sp 500 gained 18 percent to 417682 while the techrich nasdaq composite index jumped 27 percent to 1231690 federal reserve vice chair lael brainard continued to take a hard line on inflation suggesting to cnbc that interest rate hikes would continue through september right now its very hard to see the case for a pause during the feds meeting in september she said weve still got a lot of work to do to get inflation down to our two percent target large tech companies had a banner session with google parent alphabet and amazon both winning 32 percent while netflix jumped 63 percent dow member microsoft underperformed those levels but still gained 08 percent despite lowering its profit and sales outlook due to the hit from the strong dollar boeing was another standout jumping 75 percent after the head of delta air lines said the carrier was hoping for a deal to buy planes from the aviation giant