|Day's Range||26,836.80 - 27,338.30|
|52 Week Range||18,213.65 - 29,568.57|
When Luckin Coffee shares, which were already down 89% for the year, were halted in April amid an investigation into financial misconduct, losses were felt far and wide. One investor with a PG-13 Reddit name took a particularly grievous hit.
DEEP DIVE A surprise improvement in U.S. employment helped propel stocks Friday, capping a week of big gains for sectors that were hardest hit by the coronavirus shutdown. The unemployment rate declined to 13.
Investors might not have noticed amid all the excitement, but a stealthy slide by the U.S. dollar should get some of the credit for the stock market’s stunning rally.
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in June 2020.
Like other analysts, Siegel worried about the wide disconnect between Wall Street and Main Street, amid sky-high unemployment and mass business closures. Main Street could be on the path to recovery, if the latest economic data turns out to be a lasting trend.
Riots, disease, joblessness widespread despair — and the S&P 500 index just closed the books on its best 50-session stretch ever. Make sense? Doesn’t even have to anymore?
The U.S. regained 2.5 million jobs in May and the unemployment rate fell to 13.3%, confounding Wall Street expectations for another big wave of layoffs and signaling the economy began to revive last month after arguably the worst economic crisis in American history.
President Donald Trump on Friday signs into law a bill easing conditions for small businesses tapping the government’s Paycheck Protection Program, with his OK coming after the measure scored broad support from lawmakers.
Stocks close 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.
President Donald Trump on Friday celebrated the return of 2.5 million jobs to the U.S. economy in May, and went on the attack against Democrats as surveys show him trailing behind Joe Biden among voters in key states.
May car sales were down from a year earlier, but beat expectations. That sent shares of car makers, dealers, parts suppliers, and specialty lenders up. They’re still in a hole, but they could see gains ahead.
Most black families will not see the benefit from a historic stock market rally, one that has persisted despite a global pandemic and nationwide protests.
An unexpectedly strong jobs report showed that rehiring has been underway. The Nasdaq Composite soared to a record intraday high, but stopped just short of a closing high.
• The surprisingly strong employment report for May may hinder another round of coronavirus stimulus measures, according to analysts. • President Donald Trump hailed the surprisingly good unemployment numbers in a previously unscheduled news conference at the White House Friday morning. “We had a tremendous morning, a tremendous announcement,” Trump said.
The Dow Jones Industrial Average skyrocketed after a better-than-expected jump in U.S. payrolls on Friday after a strong week of gains among U.S. stocks.
Stocks spiked on Friday after data showed the coronavirus-stricken U.S. economy unexpectedly added jobs in May.
After nailing the market's recovery, Fundstrat's Tom Lee is predicting hard hit stocks can carry the S&P 500 to new highs.
Stocks soared Friday, with the Nasdaq Composite touching an all-time intraday high, as investors cheered a May jobs report that unexpectedly showed a 2.5 million rise in nonfarm payrolls and a fall in the unemployment rate. The Dow Jones Industrial Average rose around 829 points, or 3.2%, to finish near 27,110, according to preliminary figures, while the S&P 500 advanced around 82 points, or 2.6%, to close near 3,194. The Nasdaq Composite finished 198 points higher, up 2.1%, near 9,814, after earlier trading above its previous record close of 9,817.18 from Feb. 19. Economists had expected the jobs report to show the U.S. economy had shed more than 7 million jobs. The unemployment rate fell to 13.3% from 14.7%, versus expectations for a rise toward 20%. Though analysts warned against reading too much into one month's data, the magnitude of the surprise underlined expectations the economy could be poised to snap back relatively quickly as lockdowns put in place to contain the COVID-19 pandemic are lifted.
Consumer borrowing declined in April by the fastest rate since 1943 as credit card use saw a record decline, according to Federal Reserve data released Friday. Total consumer credit decreased at a 19.6% rate or $68.8 billion in April. Economists has been expecting a $14 billion fall, according to Econoday. Revolving credit, like credit cards, dropped a record 64.9% in April. Nonrevolving credit, typically auto and student loans, fell 4%. The data does not include mortgage loans. The savings rate hit a record high in April as spending dropped and Americans received stimulus checks from the government.
A two-month rebound in the Dow Jones Industrial Average went into hyperdrive mode as the popular blue chip gauge rose more than 3.4%
U.S. Treasury yields added to their ascent on Friday after the monthly U.S. employment report showed an unexpected surge in job gains, strengthening market expectations that the economy’s recovery is on track.
DOW UPDATE The Dow Jones Industrial Average is soaring Friday afternoon with shares of Boeing and Exxon Mobil leading the way for the index. Shares of Boeing (BA) and Exxon Mobil (XOM) have contributed around two thirds of the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 815 points higher (3.
The better-than-expected U.S. jobs report for May likely will hamper the push for another big coronavirus relief package, but Washington probably still will deliver an additional aid measure in July, analysts say.
DOW UPDATE The Dow Jones Industrial Average is soaring Friday afternoon with shares of Boeing and Exxon Mobil delivering strong returns for the blue-chip average. Shares of Boeing (BA) and Exxon Mobil (XOM) have contributed about two thirds of the index's intraday rally, as the Dow (DJIA) was most recently trading 886 points higher (3.