Get App
Last Updated : Jun 05, 2020 07:25 PM IST | Source: Reuters

Wall Street jumps on surprise fall in unemployment rate

The Dow Jones Industrial Average rose 554.98 points, or 2.11 percent, at the open to 26,836.80.

Reuters

US stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump.

The Dow Jones Industrial Average rose 554.98 points, or 2.11 percent, at the open to 26,836.80.

The S&P 500 opened higher by 51.49 points, or 1.65 percent, at 3,163.84, while the Nasdaq Composite gained 87.73 points, or 0.91 percent, to 9,703.54 at the opening bell.

 

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

First Published on Jun 5, 2020 07:25 pm
Sections
Follow us on