Dow up nearly 700 points after jobs report shows surprise jump in payrolls, fall in unemployment rate

MarketWatch ^ | June 5, 2020 | William Watts and Mark DeCambre

[ConservativeInPA]

Stocks rose sharply Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen from the COVID-19 pandemic lockdowns.

How are benchmarks performing?
The Dow Jones Industrial Average DJIA, +3.16% jumped 692.87 points, or 2.6%, to 26,974.69, while the S&P 500 SPX, +2.53% rose 68.63 points, or 2.2%, to 3,180.98. The Nasdaq Composite COMP, +1.88% advanced 160.03 points, or 1.7%, to 9,775.85.

On Thursday, the Dow ended 11.93 points, or less than 0.1%, higher at 26,281.82. The fourth straight gain matches a similar streak of wins for the blue-chip index ended April 27, according to FactSet data. Meanwhile, the S&P 500 fell 10.52 points, or 0.3%, to close at 3,112.35 and the Nasdaq Composite Index finished 67.10 points, or 0.7%, lower to wrap up the session at 9,615.81, putting the index about 2.1% from its Feb. 19 all-time closing high. Both the S&P 500 and the Nasdaq ended a win streak at four consecutive days with the session’s loss.

[ConservativeInPA]

Dow currently up 3.24% as President Trump speaks.

[cnsmom]

PDJT sounds very upbeat and positive. This is a great leader. God Bless this man and his family.

[alstewartfan]

Screw the Dow. It will plummet in the weeks before the election, no matter what the real economy looks like then.

[Factuality]

Dow actually up almost 900 points

[9422WMR]

And that idiot Chris Wallace offered that Biden is in the lead for president. Ha haa

[SkyPilot]

Hopefully, our economy can recover (and the market is not the real economy, but glad it is also doing well).

The Left has tried everything to stop this President, the first one who fights them in a long, long time:

- Electoral college nullification

- Russian Hoax/Mueller persecution

- Accusations of Racism

- Phony Impeachment

- COVID/Lockdown Scam to destroy economy and personal liberty

- Antifa/BLM riots and mayhem

Sorry to blunt, but Barr needs to get off his fat a$$ and make mass arrests

But he won't.

He is the Chief Law Enforcement Officer of the United States of America. As another Freeper put it: "Instead, he acts like Mayor McCheese."

[GrandJediMasterYoda]

Oh no it looks like the Demenemies will have to come up with a new plan Bwa ha ha ha

[Ouchthatonehurt]

The DOW?
...shoot it in the leg!

[GrandJediMasterYoda]

Sad to say seems Trump was scammed again as it pertains to AG. The deep state is vast

[bert]

Malicious slander that is unjustified

You are impatient

[ConservativeInPA]

It will plummet in the weeks before the election, no matter what the real economy looks like then.

If you really believe that, short YX20 and make a mint.

[rrrod]

https://www.whitehouse.gov/contact/

Drop our prez a note. He loves to read them.

[Sequoyah101]

Only 2,400 to go. Hope it has enough behind it to hold up.

[Tolerance Sucks Rocks]

Pantifa:

Good news!

PING!

[DivineMomentsOfTruth]

When the 9am-12pm FoxNews duo.. Ed and whats-her-name.. opened their show, they could not hide their sadness of the great recovery.. I switched over to Varney&Co and it they were joyous!!

[Tolerance Sucks Rocks]

Pantifa:

Good news!

PING!

[dowcaet]

Cue up more civil unrest and have the CDC announce a spike in Wuhan Flu cases.

[Tolerance Sucks Rocks]

Then maybe he should hire that gay-sounding Travel Agent from the 1981 Mickey D’s commercials as his next spokesperson.

[Howie66]

Bless his heart. He so badly wants to be relevant.

[SkyPilot]

You are impatient

No, I am not bert.

My nation is burning around me, the Constitution has been shredded by Communist governors, AGs, DAs, and mayors, and Barr is a do-nothing gas bag (who also still claims that Epstein committed "suicide.")