Stocks rally on strong jobs gain, heading for weeklong sweep

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Stocks open sharply higher on Wall Street after the U.S. government said employers added 4.8 million jobs in June and the unemployment rate fell to 11.1%. Some experts cautioned that the report was compiled before a resurgence of coronavirus cases.

FILE - In this Tuesday, March 10, 2020, file photo, specialists James Denaro, left, and Mario Picone work on the floor of the New York Stock Exchange. Global stock markets and Wall Street futures rose Thursday, July 2, 2020, on hopes for the development of a coronavirus vaccine and ahead of the release of monthly U.S. jobs data.

The S&P 500 gained1.4% in early trading, on pace for its fourth straight gain. Stocks also rose across Europe and Asia, while oil prices strengthened on hopes that a recovering economy will mean more demand for energy. Those hopes have helped the S&P 500 climb back to within 7% of its record set in February, after earlier being down nearly 34% when recession worries were at their height.

Norwegian Cruise Line, whose stock has swung viciously with expectations of whether people’s lives will get close to what they were before the pandemic, rose 5.5% for one of the biggest gains in the S&P 500. Other travel-related stocks were also strong, including United Airlines, which rose 4.4%.

 

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It was compiled by trump & his enablers; all a smoke screen

in order to be eligible for forgiveness of PPP loans, employers HAD to rehire employees by June 30, 2020

The insider trading during this pandemic should be a real concern.

Because it WAS compiled before we smashed the single day infection rate!

Today’s memo 3 from the DNC.

Haha. Liberals rather have Americans starve if it would help senile Biden... TRUMP 2020!!

You always know how to bring down great news! Disgraceful fake news

BREAKING NEWS People returning to their jobs after the PANDEMIC SHUTDOWN NO NEW JOBS CREATED

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