John Silvia is the senior economist at Wells Fargo Bank: "Private payroll gains continue to be modest and I would say it does raise flags for those super optimists who were looking for a V-shaped recovery and thinking that we are going to go back to normal very quickly in the US.economy."

VOA: standard.2010.07.02

Of course, the technology sector remains exposed to sharp economic downturns, says David Roda, an investment strategist at Wells Fargo Private Bank.

WSJ: Upside: Why Tech Stocks Look Better��Even for the Risk Averse

"We're breaking through psychological barriers and that will continue to bring investors off the sidelines, " said Darrell Cronk, regional chief investment officer for Wells Fargo Private Bank.

NPR: Stocks Surge To New Highs After Hiring Climbs

Erik Davidson, deputy chief investment officer at Wells Fargo Private Bank, cited a rebounding economy, strong profits from U.S. companies and surging dividends as factors in pushing stocks to records.

WSJ: Dow Industrials Set New Record