“Dow rises 250 points amid better-than-expected jobs data, Boeing shares jump”
May 27, 2021
“The Dow Jones Industrial Average jumped 250 points. The S&P 500 rose 0.3% and the Nasdaq Composite traded near the flatline. Shares of Boeing advanced 4% on optimism about an economic recovery. It looks like gains for the overall market will be capped however, as investors are lightening up on technology shares as they rotate into cyclical stocks. Microsoft, Netflix and Amazon all traded in the red.
Initial jobless claims fell to 406,000, hitting a new pandemic low and much less than expected, the Labor Department reported Thursday. Economists surveyed by Dow Jones had expected a total of 425,000 Americans to have filed unemployment benefits in the week ended May 22…”
https://www.cnbc.com/2021/05/26/stock-market-futures-open-to-close-news.html