Dow rallies more than 700 points after shocking record surge in U.S. jobs
Posted on AllSides June 5th, 2020
From The Center
The Dow Jones Industrial Average rallied on Friday after the latest U.S. jobs report raised hope the economy is starting to recover from the coronavirus pandemic.
The 30-stock Dow jumped more than 700 points at the open, or 2.7%. The S&P 500 traded 2% higher,. The Nasdaq Composite advanced 0.9%.
“We’re back,” CNBC’s Jim Cramer said on “Squawk Box.” “I think there were a lot of people who felt that the layoffs would be permanent and it’s obvious that there’s so much demand that people have to bring people...
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