floridafan
Verified User
Way to go, President Biden::
THE DOW JONES Industrial Average surged out of the gate Friday, as the economy showed signs of rebounding amid the release of a positive employment report and more states reopening.
The jump of more than 750 points in the opening minutes of the session after Dow futures rose by more than 600 points ahead of the bell on Friday. Futures were up more than 2.5% overall at one point, while the S&P 500 futures gained about 1.7%. President Donald Trump celebrated the news about the economy on Twitter, describing it as "a stunner by any stretch of the imagination" and planned a news conference to discuss the reports.
The news comes as the U.S. Labor Department reported on Friday that employment unexpectedly rose by 2.5 million in May and the unemployment rate declined to 13.3%. The improvements "reflected a limited resumption of economic activity" amid the ongoing coronavirus pandemic, according to the report.
https://www.usnews.com/news/economy/articles/2020-06-05/dow-surges-on-positive-employment-news
THE DOW JONES Industrial Average surged out of the gate Friday, as the economy showed signs of rebounding amid the release of a positive employment report and more states reopening.
The jump of more than 750 points in the opening minutes of the session after Dow futures rose by more than 600 points ahead of the bell on Friday. Futures were up more than 2.5% overall at one point, while the S&P 500 futures gained about 1.7%. President Donald Trump celebrated the news about the economy on Twitter, describing it as "a stunner by any stretch of the imagination" and planned a news conference to discuss the reports.
The news comes as the U.S. Labor Department reported on Friday that employment unexpectedly rose by 2.5 million in May and the unemployment rate declined to 13.3%. The improvements "reflected a limited resumption of economic activity" amid the ongoing coronavirus pandemic, according to the report.
https://www.usnews.com/news/economy/articles/2020-06-05/dow-surges-on-positive-employment-news