“Stocks surge as US economy unexpectedly adds 2.5M jobs in May”
June 5, 2020
“The Dow advanced more than 2% shortly after market open, adding more than 700 points. The 30-stock index hit its highest level since March 4. The S&P 500 also rose more than 2% and hit its highest level since February 26. The Nasdaq Composite rose about 1.7% to the highest level since February 20, and was just 1% off its record highs from February 19.
The Labor Department’s jobs report Friday morning stunned market watchers, showing that the beleaguered economy added 2.5 million jobs last month, when consensus forecasts had called for another 8 million payrolls to be slashed. Meanwhile, the unemployment rate rose to 13.3%, well below expectations of a surge to 19.5%…”
https://finance.yahoo.com/news/stock-market-news-live-june-5-2020-221711542.html