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Wall Street Rallies To End Higher, Jobs Report

Video Credit: Wochit Entertainment
Published on June 5, 2020 - Duration: 00:32s

Wall Street Rallies To End Higher, Jobs Report

NEW YORK (Reuters) - Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery.

The Nasdaq breached its all-time closing high reached in February but pared its gains to end the session a hair’s breadth below it.

All three major U.S. stock indexes advanced 2% or more.

The S&P 500 and the Dow are now 5.7% and 8.3% below their respective closing records.

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