Markets Live Recap: Stocks Surge After U.S. Adds a Record 2.5 Million Jobs in May

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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.

The post Markets Live Recap: Stocks Surge After U.S. Adds a Record 2.5 Million Jobs in May appeared first on Money Morning - We Make Investing Profitable.

Here's what our experts - Chris Johnson and Shah Gilani - saw on this historic day...

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June 5, 2020

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