The S&P 500 climbed 0.9% and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, or 0.8%, to set its own record, while the Nasdaq composite

The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.

Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut interest rates, bringing mortgage rates down.

The Labor Department reported that U.S. employers added 254,000 jobs in September, well above economists' expectations, while the unemployment rate declined to 4.1%.