Stocks surged to close the week after a historic increased in U.S. jobs further fueled investors' confidence that the reopening of the economy will be successful following the COVID-19 lockdowns.
The 2.5 million jobs added in May was the largest one-month increase on record.
Investors were expecting an 8 million job loss.
The U.S. unemployment rate slid to 13.3% when it was expected to reach nearly 20%.
And stocks rallied big time.
The Dow was up 3.15%, the S&P 500 closed 2.62% higher, and the Nasdaq rose 2.06% to a new all-time high.
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