US stocks climb as nearly 5-million jobs added in June
US payrolls rose by 4.8-million in June after an upwardly revised 2.7-million gain in the prior month
02 July 2020 - 16:07
New York — US stocks climbed after better-than-estimated jobs data indicated an economic rebound from the sharpest contraction on record. US treasuries and the dollar fell.
The S&P 500 extended its weekly gain as a government report showed payrolls rose by 4.8-million in June after an upwardly revised 2.7-million gain in the prior month. The unemployment rate fell to 11.1%. Economic-sensitive companies, such as retailers and airlines, jumped. Tesla surged after reporting deliveries that beat the average analyst estimate...
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