S&P 500 surges above its record closing high

The S&P 500 cracked its record closing high on Friday in a strong rally following the June jobs report which was much stronger than expected. 
In afternoon trading in New York, the S&P 500 climbed above the 2,130.82 level it reached in May 2015.
The Dow erased the 4.8% drop it suffered after the UK referendum to leave the European Union last month. The S&P 500 also regained its post-Brexit loss.
At 2:38 p.m. ET, the S&P 500 is up 34 points (1.62%) to 2,13