Stocks Close Sharply Higher on Surprisingly Upbeat Jobs Report

U.S. stocks ripped higher after expectations-defying data showed the country added 2.5 million jobs in May, boosting investors’ bets on a nascent, if likely uneven economic recovery.

Investors have been betting that the country will be able to both contain the spread of the coronavirus and reopen businesses in the coming months. Many are pricing in a “V-shaped” recovery: a sharp upturn in spending and growth that follows a short, painful collapse in economic activity.

FakeNews Those numbers did not include those who are STILL WAITING to file PEUC since MARCH, but had exhausted their benefits. State UIA have made it difficult, thousands have not had their accounts updated to file or get through to live Reps

4.9M jobseeker got the benifit from gov,so they are not include jobs report .

Actually those are false numbers of unemployment! It does not include those who are STILL WAITING to file PEUC since MARCH, but had exhausted their benefits. State UIA have made it difficult, thousands have not had their accounts updated to file or get through to live Reps

Can you imagine the numbers if we re-opened? Get on with it.

ADP: UNEMPLOYMENT INCREASED. Once again Trump’s LYONG

Economic models failed? Unemployment prediction models failed? Everyone is talking about pandemic model failures!

Awwww. Now it makes sense 👌

The stock market soared in 1930 until it realized the Great Depression was going to last a decade.

It sure helps when the Markets are propped up by a trillion and a half dollars from the Fed, doesn't it?

📈 Red Check Recovery?

Because it is

I've been thinking today, though I love the Constitution, maybe we will have to put the country under management (in lieu of electing a president) for a recovery period.

The pandemic isn't over. The second wave of the pandemic isn't over. The third wave of the pandemic isn't over. 13% unemployment isn't a good thing.

Dems are going to have to put us back in lockdown to make sure the economy sucks. Looting olympics makes that difficult, but they'll find a way.

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U.S. stocks edge higher on signs economy's recovering from coronavirus closuresU.S. markets continued to move higher after data showed the economy is recovering from coronavirus-related closures. Here are three experts on where the markets and economy could be headed. Who says it's recovering? Sure...the Fed and Treasury pumped new money in to prop up asset prices at the expense of our national debt, but I see no recovery. How long do you think this BS can last?
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks rally into the closeToday was the first time the Dow has closed above 26,000 points since early March Thank you 🙏 Trump 🇺🇸 But why? 84 percent of all stocks owned by Americans belong to the wealthiest 10 percent of households. And that includes everyone’s stakes in pension plans, 401(k)’s and IRAs, as well as trust funds, mutual funds and college savings programs like 529 plans.
La source: CNN - 🏆 4. / 95 Lire la suite »