People wearing a face mask to help curb the spread of the coronavirus stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 8, 2020. Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week.
Stocks around the world were already heading higher before the U.S. jobs report came out, in part on hopes that U.S. and China won’t restart their trade war. After the release of the report, stocks climbed even more. In another sign of receding pessimism in the market, Treasury yields also rose. More recently, even as horrific data confirmed the recession fears were correct, investors have pushed stocks higher as they looked ahead to growth potentially resuming later this year as economies begin to relax restrictions on business.
Friday’s jobs report showed that the unemployment rate climbed to its highest level since the Great Depression.
Wee
Everything about this post is wrong. Makes no sense
It’s not today’s numbers... it’s April’s
The stock market vultures know there will be more relief money for them to steal! AreWeGreatAgainYet
Trump is a complete failure. We can all agree on that. 77,000 dead American and 33,000,000 unemployed because trump chose to play golf and hold rallies after being notified of a pending pandemic. TrumpBodyCount
👆🏽Which, of course, is crazy and perverse.