U.S. stocks traded higher on Thursday, with the Dow gaining over 250 points. Consumer staples surged while communication services fell. The labor market cooled in June, with employers adding 57,000 jobs.

Wall Street started the week on a stronger note, with major US indices rebounding after a rare spell of losses as heavyweight technology stocks lifted investor sentiment.

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 200 points on Monday. The Dow traded up 0.44% to 52,105.66 while the NASDAQ rose 1.33%…