The Dow Jones Industrial Average traded 241 points higher, or 1%. The S&P 500 gained 0.8% while the Nasdaq Composite climbed 0.5%. The major averages were headed for their first weekly gains in three. The Labor Department said a record 20.5 million jobs were lost last month, adding the unemployment rate jumped to 14.7% from […]
Tag: finance
Pound rises after Bank of England holds steady on policy
Amid concerns of rising U.S.-China tensions, top trade negotiators Robert Lighthizer and Liu He could be speaking trade between the countries as early as next week, Bloomberg News reported, citing sources. The corporate front was busy with Europe’s first major deal since the pandemic began. Shares of Telefónica US:TEF ES:TEF rose nearly 1% after the […]