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Economy, Stocks

“S&P 500 hits another record high after better-than-expected June jobs report”

“Futures contracts tied to the major U.S. stock indexes rose slightly on Friday as the June jobs report beat expectations, putting Wall Street on track to post a solid week of gains across the board. Contracts tied to the Dow Jones Industrial Average rose 65 points, while those for the S&P 500 added 0.3% Nasdaq 100 futures traded higher by about 0.6%. The economy added 850,000 jobs last month, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting an addition of 706,000. The print topped the 559,000 jobs created in May. The unemployment rate did come in at 5.9%, higher than expected…

The S&P 500 rose 0.5% during Thursday’s regular session and notched its sixth-straight record close, finishing above 4,300 for the first time at 4,319.94. The Dow Jones Industrial Average was higher by 131 points to close at 34,633.53, while the tech-heavy Nasdaq Composite ticked up about 0.1% to 14,522.38…”

https://www.cnbc.com/2021/07/01/stock-market-open-to-close-news.html

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