Dow spikes 700 points after jobs-report shocker shows unemployment rate dropped in May
Friday's report hints at widespread stimulus and economic reopenings acting faster than anticipated to lift the US from its deep recession.
"Jobless claims and ADP data have all pointed to an increase in the unemployment numbers, so these numbers will need to be digested," Seema Shah, chief strategist at Principal Global Investors, said."But certainly the initial signs suggest that the reopening of economies has already started to heal the labour market."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow surges 527 points as positive labor-market data overshadows nationwide protests | Markets InsiderUS equities climbed on Wednesday as investors pointed to positive labor-market data as a new sign of smooth economic recovery. Major indexes gai...
Read more »
Dow ekes out 4th straight daily gain ahead of May jobs reportStocks ended mostly lower Thursday, though the Dow Jones Industrial Average eked out a tiny gain to extend its win streak to four sessions. The S&P 500 and...
Read more »
Dow Jumps 200 Points As Investors Focus On Reopening The EconomyThe Dow jumped 200 points today as investors focus on reopening the economy by skleb1234
Read more »
What to watch today: Dow set for lower opening after strong 3-day rallyDow futures turn lower again after weekly jobless claims came in higher than expected.
Read more »
Dow futures rise ahead of week’s final test for stock market — Friday’s jobs reportU.S. stock-index futures point to modest gains on Friday, as investors look toward a labor-market report that could reflect soaring unemployment even as the...
Read more »
Russian city of St. Petersburg reports spike in deaths in May amid COVID-19 outbreakRussia's second biggest city of St. Petersburg recorded a death rate last month 32% higher than last year, official data showed on Wednesday, suggesting that there may be more people dying of COVID-19 than are being reported.
Read more »