Wall Street rises as data points to accelerating economy

Forecasts from Fed officials suggest that a median of two more hikes are planned before the year-end

US stocks advanced on Thursday, with each of the major US indexes notching record highs, after a batch of economic data suggested the economy was picking up speed.
 
The ADP private sector employment report showed 253,000 jobs were added in May, well above the 185,000 estimated by economists polled by Reuters.
 
The report could signal a strong government payrolls report on Friday that includes hiring in both public and private sectors, which would cement expectations for an interest rate hike by the Federal Reserve in two weeks.
 
"More than anything it is employment data driven, it was