The stock market rose on Friday, despite one of the worst monthly jobs reports in history, as investors continued to look toward a reopening of the economy and bet that the worst of the economic impact from coronavirus has passed.Johannes Eisele/AFP via Getty ImagesThe Dow Jones industrial average rose 1.2%, nearly 300 points higher, on Friday, while the S&P 500 was up 1% and the Nasdaq 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.
skleb1234 Когда будут хорошие новости?
skleb1234 skleb1234 the hope has a raised in people.
skleb1234 Markets look completely disconnected with actual economy. Heading towards a bigger fall. Real impact will be visible in next quarter results.
skleb1234 I don’t believe that crap. It’s market manipulation my Trump WHMob.
skleb1234 One of the most idiotic statue in Human History.
skleb1234 As the FED grows the greatest Ponzi scheme since Social Security. But keep thinking Wall Street will pay off your retirement fund IOUS when you eventually retire.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »