Stocks are on the rise midday Thursday, the last trading day before the Independence Day holiday weekend, although they’ve given up some of their larger early gains.
The latest U.S. jobs report boosted stocks, as unemployment fell to 11.1%. However, investors have to balance that with the ever-increasing Covid-19 caseload, which has caused a number of cities and states to halt their reopening plans. That could crimp ongoing job growth. Meanwhile, the U.S. government might delay another round of stimulus—even as Americans teeter on an income cliff.
Rick Rieder, BlackRock’s chief investment officer of global fixed income, notes that one key data point from the jobs report is “that virtually all the numbers this month have displayed some tangible improvement, some clear reopening of the economy, albeit still very uneven by sector and region.… However, it is also clear that leisure, travel, energy, etc.
As for individual stocks, Pfizer is up 2.5% as it produced an optimistic timeline for its coronavirus vaccine.Tesla is up 7.7% as it appears it will soon join the S&P 500.
People are over the COVID hoax
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks rally on strong jobs gain, heading for weeklong sweepStocks 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. BREAKING NEWS People returning to their jobs after the PANDEMIC SHUTDOWN NO NEW JOBS CREATED You always know how to bring down great news! Disgraceful fake news Haha. Liberals rather have Americans starve if it would help senile Biden... TRUMP 2020!!
Source: AP - 🏆 728. / 51 Read more »
Dow caps off best quarter since 1987 as strong economic data drives gains - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. A new way of misleading reader & investor are seen in Media Buzz word 'Better than expected' who set the bar for expectation instead of comparing with last month, last Yr In the whole article Economic Number or Data itself is missing👉It's called False propaganda by Media🤠 Surging just like COVID-19, one of those going to put a smile on Trump's face But with a lot of states thinking about shutting down again it could cause another big drop on the stock market and also with less money these days I'm sure the holiday shopping season will be a disaster.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy, 15 cheap firms with strong growth upside: Goldman - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ye, sure, thanks
Source: BusinessInsider - 🏆 729. / 51 Read more »