In this Wednesday, July 31, 2013, photo, from left, specialists Peter Kennedy, Bernard Wheeler, and Philip Finale, confer on the floor of the New York Stock Exchange.(AP Photo/Richard Drew)

NEW YORK (AP) — Stocks rose Thursday morning after an encouraging employment report, sending the Standard & Poor’s 500 index above 1,700 points for the first time.

The S&P 500, which investors follow closely as a gauge for the rest of the market, was up 18 points in early trading, or 1.1 percent, at 1,704.

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