Stocks closed broadly higher on Wall Street on Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the COVID-19 pandemic.
A recent surge in new confirmed cases in Florida, Texas and several other states has led some governors to halt the reopening of their economies or to order some businesses, such as restaurants and bars, to reclose. That has dimmed some of the optimism for a relatively quick economic turnaround, especially for travel-related sectors such as cruise lines.Even so, investors continue to bet that the recovery will proceed, despite the worrying rise in new cases.
The pandemic has made collecting data on the economy unusually difficult, which leaves economists uncertain about the numbers’ accuracy. But they say it’s clear that the job market is improving after collapsing in the spring amid widespread shutdowns. That bolsters investors’ hopes that the economy can recover from its recession relatively quickly as governments relax restrictions.
Sure. I'm saving my money for when they tank again. Most don't seem to understand the havoc this pandemic has yet to bring.
Gain -Schmain FFS - really? The largest number of Unemployed in our Nation's History. The Dirty Boy's are making Money. Not for long...
Those jobs were re-hires. Not new jobs. Don the Con strikes again.
It doesn’t make sense... stocks rising as the country burns!?
There were no ‘gains’ you dumbasses. 4.8 million went back to their jobs because Trump wanted to look good for one press conference. And in rushing that re-opening 1000s more die cases spike, places are shut down again and 1.5 of that 4.8 have already filed for unemployment again
It’s a good thing, Lol
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