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: nasdaq
loss of 20 million private sector jobs underlines economic pain
The U.S. stock market came under pressure Wednesday, even as investors looked ahead to the easing of lockdown measures, with states like California allowing some businesses to open their doors again on Friday. “One thing is for sure is that this pandemic health crisis has produced depression-magnitude job losses which means this recovery is going […]