Payrolls power Wall Street to record high

U.S. stocks notched their best day in a month on Friday, with the S&P 500 and Nasdaq closing at record highs after a second straight month of robust labor market data boosted optimism that economic growth is accelerating. The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far outpacing expectations for a gain of 180,000. The S&P 500 ended at 2,182.87, its eighth closing high of the year, powered by a 1.9 percent gain in financials , which would be prim