Wall Street started the trading session strongly after the US government reported that a record 4.8 million jobs were added in June after an upwardly revised 2.7 million gain in May. US President Donald Trump said the US economy is "roaring back." Investors also assessed remarks by White House adviser Larry Kudlow who said, "we are very unhappy with China"and "there are going to be export restrictions." But shares pared gains after Florida reported a record-shattering ...
Wall Street started the trading session strongly after the US government reported that a record 4.8 million jobs were added in June after an upwardly revised 2.7 million gain in May. US President Donald Trump said the US economy is "roaring back." Investors also assessed remarks by White House adviser Larry Kudlow who said, "we are very unhappy with China"and "there are going to be export restrictions." But shares pared gains after Florida reported a record-shattering 10,000 new cases of COVID-19. The Dow Jones index rose by 92 points or 0.4%, supported by a 0.3% lift in Boeing shares. The S&P500 index lifted by 0.5%. The Nasdaq index was higher by 53 points or 0.5% to a record closing high. For the week, the Dow Jones (+3.3%), S&P 500 (+4%) and Nasdaq (+4.6%) indexes all rose. US sharemarkets are closed on Friday.
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