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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
Posted on 06/05/2020 8:03:45 AM PDT by 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 sessions loss.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: economy; jobs; stockmarket; trumpeconomy; unemployment; unexpected
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Dow currently up 3.24% as President Trump speaks.
To: ConservativeInPA
PDJT sounds very upbeat and positive. This is a great leader. God Bless this man and his family.
2
posted on
06/05/2020 8:07:00 AM PDT
by
cnsmom
To: ConservativeInPA
Screw the Dow. It will plummet in the weeks before the election, no matter what the real economy looks like then.
3
posted on
06/05/2020 8:07:32 AM PDT
by
alstewartfan
(One day he just washed up on the shores of his regrets. May his soul rest in peace. Al S.)
To: cnsmom
Dow actually up almost 900 points
4
posted on
06/05/2020 8:07:38 AM PDT
by
Factuality
(About time)
To: ConservativeInPA
And that idiot Chris Wallace offered that Biden is in the lead for president. Ha haa
5
posted on
06/05/2020 8:07:47 AM PDT
by
9422WMR
(democRATS are destroying the country.)
To: ConservativeInPA
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."
6
posted on
06/05/2020 8:08:58 AM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: ConservativeInPA
Oh no it looks like the Demenemies will have to come up with a new plan Bwa ha ha ha
7
posted on
06/05/2020 8:09:05 AM PDT
by
GrandJediMasterYoda
(As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
To: 9422WMR
The DOW?
...shoot it in the leg!
To: SkyPilot
Sad to say seems Trump was scammed again as it pertains to AG. The deep state is vast
9
posted on
06/05/2020 8:10:43 AM PDT
by
GrandJediMasterYoda
(As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
To: SkyPilot
Malicious slander that is unjustified
You are impatient
10
posted on
06/05/2020 8:11:04 AM PDT
by
bert
( (KE. NP. N.C. +12) Progressives are existential American enemies)
To: alstewartfan
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.
11
posted on
06/05/2020 8:12:10 AM PDT
by
ConservativeInPA
("War is peace. Freedom is slavery. Ignorance is strength." - George Orwell, 1984)
To: ConservativeInPA
12
posted on
06/05/2020 8:12:44 AM PDT
by
rrrod
(6)
To: ConservativeInPA
Only 2,400 to go. Hope it has enough behind it to hold up.
13
posted on
06/05/2020 8:13:46 AM PDT
by
Sequoyah101
(We are governed by the consent of the governed and we are fools for allowing it.)
To: ConservativeInPA; 100American; al baby; Allegra; BufordP; dp0622; EveningStar; Gefn; GunsareOK; ...
Pantifa:
Good news!
PING!
14
posted on
06/05/2020 8:13:47 AM PDT
by
Tolerance Sucks Rocks
(The Constitution guarantees the States protection against insurrection. Act now, Mr. President!)
To: ConservativeInPA
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!!
15
posted on
06/05/2020 8:14:05 AM PDT
by
DivineMomentsOfTruth
("There is but one straight course, and that is to seek truth and pursue it steadily." -GW)
To: 100American; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...
Pantifa:
Good news!
PING!
16
posted on
06/05/2020 8:14:21 AM PDT
by
Tolerance Sucks Rocks
(The Constitution guarantees the States protection against insurrection. Act now, Mr. President!)
To: ConservativeInPA
Cue up more civil unrest and have the CDC announce a spike in Wuhan Flu cases.
17
posted on
06/05/2020 8:14:38 AM PDT
by
dowcaet
To: SkyPilot
Then maybe he should hire that gay-sounding Travel Agent from the 1981 Mickey D’s commercials as his next spokesperson.
18
posted on
06/05/2020 8:15:38 AM PDT
by
Tolerance Sucks Rocks
(The Constitution guarantees the States protection against insurrection. Act now, Mr. President!)
To: 9422WMR
Bless his heart. He so badly wants to be relevant.
19
posted on
06/05/2020 8:16:37 AM PDT
by
Howie66
("...Against All Enemies, Foreign and Democrat.....")
To: bert
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.")
20
posted on
06/05/2020 8:16:37 AM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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