US stocks rise to new records despite weak jobs report - News Summed Up

US stocks rise to new records despite weak jobs report


Investors brushed off Friday's surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow gained about 230 points Friday. The S&P 500 and Dow gained 1.2% and 2.7% respectively over the week. The jobs report also showed that the unemployment rate ticked up and wages surged. And many economists are worried inflation is due to come roaring back because of all the stimulus from Washington.


Source: CNN May 07, 2021 13:58 UTC



Loading...
Loading...
  

Loading...