Dough comes as the Dow virus grows in cloud jobs



The stock rose Thursday after reports of improved U.S. jobs in June but hit an earlier high after coronavirus infections rose.


The Dow Jones Industrial Average rose 181 points, or 0.7%, to 25,916, the S&P 500 rose 0.7%, and the Nasdaq 0.81%.

According to the Bureau of Labor Statistics, US employers added 4.8 million workers to the salary last month, and the unemployment rate fell by 11%.

Job growth followed a revision of data for May additions of 2.5 million to 2.7 million, and stronger unemployment claims fell to 1.427 for the 13th consecutive week, as expected for the week ended June 27. Ten lakhs.

E. "It's encouraging to boost employment, but the whole picture is still very stressful - putting a lot of pressure on the US economy," said Mike Longert, Managing Director of Investment Strategies in Commerce. "When there is a significant increase in employment in leisure and hospitality, the area is very fragile as restaurants and hotels stop back-pedaling or declining re-opening."

New virus infections were reported Thursday in Florida. New cases in the state rose to more than 10,000, the highest in a month.

President Donald Trump said the job report shows that the US economy is "roaring" from the damage caused by the rise of new infections in different parts of the United States during the coronavirus pandemic.

The benefits of jobs still leave 16 million Americans out of work, with the possibility of delaying bars, restaurants, and cafes in the coming weeks or reopening as a new coronavirus infection.

McDonald's says it will reopen all dine-in services in the US as coronavirus cases spread across the country.

According to Johns Hopkins and Bloomberg data, American coronavirus cases rose 51,374 on Wednesday, exceeding 50,000 for the first time.

Tesla on Thursday predicted that the second quarter after the production of electric cars would be stronger than expected.

Tesla delivered 90,650 units in the three months ended in June, surpassing Wall Street's consensus of 72,000.

Post a Comment

0 Comments