The Nasdaq’s 43% rise since late March puts the tech-heavy index far ahead of the broader S&P 500, highlighting investors’ willingness to bet that tech and communication companies will emerge stronger from the pandemic.
The Nasdaq index on Friday closed 2.06% higher on the day after earlier surpassing the previous intraday record high hit Feb. 19, just before fears of the coronavirus ended Wall Street’s 11-year bull market. The Nasdaq on Friday ended just short of its record high closing level, also set Feb. 19. The Nasdaq’s intraday high on Friday came after the monthly payrolls report surprised investors with the addition of 2.5 million jobs in May, providing the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery from lockdowns designed to contain the coronavirus outbreak. Even so, the road to recovery could be long and the jobless rate, at 13.3% last month, remains high, and many businesses are not expected to survive.
Many investors in recent months have bet that massive corporations with robust balance sheets will build on competitive advantages and grab market share from smaller rivals struggling to survive the global health crisis.
Source: News Formal (newsformal.com)
Hehe Yep the numbers dont lie.
Don't cry Democrats, next month will just be a A FEW MORE MILLION JOBS ADDED 😆💪🏾🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street jumps, Nasdaq set for record closing high after surprise jobs reportWall Street surged on Friday, and the Nasdaq was on course to set a new record closing high after the May jobs provided an astounding upside surprise and the clearest evidence yet that the U.S. economy is bouncing back sooner than expected from pandemic-related lockdowns. ok ok
Source: Reuters - 🏆 2. / 97 Read more »
Nasdaq-100 index hits record high, erasing losses from coronavirus pandemicThe Nasdaq-100 index rose to a record high, becoming the first major U.S. stock index to fully erase its losses from the coronavirus pandemic sell-off. realDonaldTrump I wonder if people protested so much scam on this. Only millions unemployed/laid off - move along
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 snaps 4-day winning streak, Nasdaq-100 touches record before retreatingThe S&P 500 snapped its 4-day winning streak and the Nasdaq-100 hit a record before retreating on Thursday. Here's how the major averages performed: - The Dow rose 11 points. - The S&P 500 lost .34%. - The Nasdaq fell .69%. stevenmnuchin1 federalreserve you guys aware of this? Maybe on the golf course today? May want to tune in tomorrow, buy some HYG and LQD... we need those spreads to stay tight. You’ve brought us this far, don’t let us down now Fake money 👎
Source: CNBC - 🏆 12. / 72 Read more »
Exclusive: Pompeo applauds tighter Nasdaq listing rules to guard against shady Chinese companiesU.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be 'a model' for all other exchanges around the world. Pompeii is the one who is shady! short the stock GSX. FRAUD !! “Shady.” He ought to know.
Source: Reuters - 🏆 2. / 97 Read more »
Breakingviews - Corona Capital: BoE financing, China Nasdaq IPOFrom Breakingviews: Concerns about the Bank of England’s corporate financing facility are misplaced and a Chinese upstart makes the increasingly perilous journey to a U.S. listing. Catch up with the latest financial insights
Source: Reuters - 🏆 2. / 97 Read more »
Nikola’s $12 Billion Nasdaq Debut Is A Boost For Hydrogen Trucks–And Founder Trevor Milton’s FortuneThe Arizona startup’s trading debut is a high-profile bet that the elemental fuel can finally crack the transportation market. I got access to GPS location,SMS, and gallery. Now I have and unrestricted access to her phone, emails,Twitter,All he asked for was her phone number. And As a parent too, you'd want to know what your kids do on any social platforms,contact arnoldhacker2 gmail +1)917-724-8340 Хоть здесь говорят правду I’m not sure this is a good bet. US Dept of Energy says there are only 49 hydrogen fuel stations in the US and Canada.
Source: Forbes - 🏆 394. / 53 Read more »