US stocks rally despite surge in unemployment, Dow +1.9%

NEW YORK: Wall Street stocks rallied on Friday as investors shrugged off historically bad jobs data in anticipation of better times as the economy relaunches from coronavirus shutdowns.

The US lost an unprecedented 20.5 million jobs last month, pushing the unemployment rate to 14.7 per cent from 4.4 per cent in March - the highest since the Great Depression of the last century - according to Labor Department data.Analysts also pointed to conciliatory statements from Chinese and US officials following talks, which lessened fears of a revived trade war.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US stocks rally despite surge in unemployment, Dow up 1.9%NEW YORK (AFP) - Wall Street stocks rallied on Friday (May 8) as investors shrugged off historically bad jobs data in anticipation of better times as the economy relaunches from coronavirus shutdowns.. Read more at straitstimes.com. rigged stock market
La source: The Straits Times - 🏆 8. / 63 Lire la suite »

US: Stocks end mostly lower as rally shows signs of fatigue[NEW YORK] Wall Street stocks finished a choppy session mostly lower Wednesday as oil prices fell and fresh US labour data showed another spike in joblessness. Read more at The Business Times.
La source: BusinessTimes - 🏆 15. / 51 Lire la suite »

China's Kingsoft sees stock pop in US market debutREUTERS: Shares of China's Kingsoft Cloud Holdings Ltd jumped over 25per cent on its U.S. market debut, indicating strong investor interest at a ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »