The Dow Jones Industrial Average rose 1.2%, nearly 300 points higher, on Friday, while the S&P 500 was up 1% and the Nasdaq gained 0.7%.
Those gains came even amid a historically bad jobs report from the Labor Department, the worst since the 1929 Great Depression. Some 20.5 million jobs have been eliminated in April—that’s nearly every job created over the past decade, gone in a single month. Neither figures were as bad as expected on Wall Street, however: Economists polled by Dow Jones expected 21.5 million jobs lost and an unemployment rate of 16%.Just two months ago, the unemployment rate was sitting at a 50-year low of 3.5%, after the United States had been adding jobs every month for nearly a decade.
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The Dow is crazy and makes me think of the William Devane commercials advising everyone to buy gold and silver from Rosland Capitol. You'd have to be loaded to begin with to invest in that BULLSHIT! Try scraping by like me! It might prove to be humbling for you! You're offensive!
👍🇺🇸
that little girl statue is really lame
Nice
It’s a fucking joke, really.
Proof positive that the stock market isn't an indicator of the actual economy.
20+ million lost their jobs? The 1% don't care, still gambling on stocks.
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