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Dow rallies 1,000 points for the first time since early April amid historic jobs surge


Friday, 5 June 2020 23:24 WIB

Saham AS


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Stocks rallied on Friday after a historic and surprising gain in U.S. jobs raised hope the economy is starting to recover from the coronavirus pandemic.

The Dow Jones Industrial Average jumped 1,030 points, or 3.9%. The S&P 500 traded 3.1% higher. The Nasdaq Composite advanced 2.2%. The Nasdaq-100, which tracks the 100-largest nonfinancial companies in the composite, rose 2% to a record high.

Friday’s rally put the S&P 500 down just 0.7% for 2020. At one point this year, the broader market index was down 30.3%. The Dow was only down 4.3% year to date after being down as much as 34.6% in 2020. The Nasdaq Composite is now up more than 9% this year.

Source: CNBC


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