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Dow and S&P 500 Surge After Employment Rate Uprush
Summary: Major stock market indexes, including the Dow Jones, S&P 500, and Nasdaq Composite, all opened with a surge this morning after U.S. Bureau of Labor Statistics released the latest Employment Situation Summary, which marks a total employment growth by 2.5 million in May.
Major stock market indexes, including the Dow Jones, S&P 500, and Nasdaq Composite, all opened with a surge this morning after the U.S. Bureau of Labor Statistics released the latest Employment Situation Summary, which marks a total employment growth by 2.5 million in May.
The U.S. Bureau of Labor Statistics released the latest U.S. employment situation at 8:30 a.m. EST, June 5. The report shows that total nonfarm payroll employment increased by 2.5 million in May, and the unemployment rate dropped to 13.3%. The announcement saw the improvement as “a limited resumption of economic activity.”
An hour after the release, the U.S. stock market opened high. The Dow Jones Industrial Average rose by 743 points, a 2.8% gain. S&P 500 futures added 2%, and Nasdaq Composite gained 0.6%.
By Dawn Wu
Tags: Dow Jones,U.S. stock market,unemployment rate
Link: Dow and S&P 500 Surge After Employment Rate Uprush [Copy]
