Dow surges 527 points as positive labor-market data overshadows nationwide protests | Markets Insider

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Dow surges 527 points as positive labor-market data overshadows nationwide protests

Oil prices fluctuated amid reports that OPEC may cancel a Thursday meeting unless all members agree to concerted production-cut extensions.The stock market's June rally continued on Wednesday as growing hopes of a smooth economic recovery drowned out nationwide protests.fell by 2.76 million in May

, less than one-third of the decline expected by economists. The reading was a steep decline from April's record slump of 19.6 million. Economists expected a far worse drop of 9 million jobs, suggesting Friday's jobs report could also defy estimates and further boost investor sentiment.

 

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