Stocks soar after jobs report better then…

Stocks soar after jobs report better then…

Wall Street is cheering the better-than-expected June jobs report. Futures had been pointing to about a 1% rise at the opening bell before the jobs numbers were released — but after the upbeat report, the Dow started the day with a gain of 1.5%, or more than 380 points.

Investors also bid up several stocks that have benefited from the current work-from-home/shelter-in-place environment. Shares of Clorox (CLX), Zoom Video Communications (ZM) and virtual health company Teladoc (TDOC) all hit new highs Thursday. Digital payments stocks Square (SQ) and PayPal (PYPL) also reached new record highs.

Some experts are concerned the “sugar high” from stimulus checks could fade and consumers may start to spend less. New outbreaks of Covid-19 cases in Florida, Texas, Arizona and other states also have the potential to derail the rebound on Main Street and Wall Street.

Source: CNNBusiness

Trending Articles

Asian Stocks Are Mostly Down At The Start Of…

by

on

Asian Stocks Are Mostly Down At The Start Of…

These 5 Giant Stocks Are Driving The U.S. Market Now

by

on

These 5 Giant Stocks Are Driving The U.S. Market…

Is BlackBerry (TSE:BB) A Risky Investment?

by

on

Is BlackBerry (TSE:BB) A Risky Investment ?

Crypto: safe harbour or stormy sea?

by

on

Crypto: safe harbour or stormy sea?

Alibaba says cloud unit to recruit 5,000 staff globally

by

on

Alibaba says cloud unit to recruit

Netflix pulled off a showstopper early in the pandemic, but…

by

on

Netflix pulled off a showstopper early…

Bank of America profit more than halves..

by

on

Bank of America profit more than halves…

Dow surges 320 points, briefly retakes perch at…

by

on

Dow surges 320 points, briefly retakes perch at…

Nasdaq earnings expected to benefit from tech rally

by

on

Nasdaq earnings expected to benefit from tech rally

Johnson & Johnson’s stock inches up…

by

on

Stock inches up after profit and sales beat…

Bond Traders Clamoring, Bet the Fed Isn’t Done Yet

by

on

Bond Traders Clamoring for Answers Bet the Fed Isn’t Done Yet

Google’s $2.1 billion Fitbit deal hits roadblock…

by

on

Google’s $2.1 billion Fitbit deaL…

Airline Stocks Have Gotten Rocked by Coronavirus….

by

on

Airline Stocks Have Gotten Rocked by Coronavirus….

Copy Invest Markets

Investors Prepare for More Market Swings…

by

on

Caution remains in the stock market…

China’s Investment in Australia Falls to a 13-Year Low

by

on

China’s Investment in Australia Falls to

Stocks rally, yuan surges as investors bet on China revival

by

on

Yuan surges as investors bet on China revival

GlaxoSmithKline Is An Interesting Stock

by

on

Here’s Why I Think GlaxoSmithKline…

Stock Futures Point to a Rebound Following Steep Declines

by

on

Stocks and Futures Rebound

JPMorgan Says Giant Volatility Product May Rise From the Ashes

by

on

JPMorgan Says Giant Volatility Product May Rise…

Virgin Atlantic bosses to take 15% pay cut

by

on

Virgin Atlantic bosses to take 15% pay cut

Tesla stock tops $900, Closes At Record

by

on

Closes At Record…

Goldman Sachs confirms $3.9 billion settlement deal…

by

on

Goldman Sachs confirms $3.9 billion settlement…

Gold soars to record high, stocks stay uncertain

by

on

Gold soars to record high, stocks stay uncertain

Tesla’s Bumper Earnings Report After Years…

by

on

Tesla’s Bumper Earnings Report

Big Tech’s big test arrives in the busiest week…

by

on

Big Tech’s big test arrives in the busiest…

Intel admits another defeat with manufacturing issues

by

on

Intel admits another defeat…

After months of speculation, investors get…

by

on

Months of speculation, investors get…

88 Stocks Moving In Friday’s Mid-Day Session…

by

on

88 Stocks Moving In Friday’s Mid-Day Session…

GBP/USD at 5-Week high, breaks above 1.27

by

on

GBP/USD at 5-Week high, breaks above 1.27

what’s in store for stocks through Election Day…

by

on

what’s in store for stocks through Election Day…

Fed warns stock market of a second recession

by

on

Fed warns stock market of a second recession if…

Facebook Stock Crashes after Earnings

by

on

Facebook Earnings

Closed Apple Stores could change iPhone buying habits…

by

on

Closed Apple Stores could change iPhone buying…

Morgan Stanley posts record profit on trading..

by

on

Morgan Stanley posts record profit on trading boom

Uber scoops up Postmates for $2.65 billion in delivery push

by

on

Uber scoops Postmates for $2.65 billion in delivery

Apple Earnings Smashes Expectations

by

on

Apple Earnings

AMD Deals a Massive Blow to NVIDIA

by

on

AMD giving NVDIA sleepless nights

Gold Jumps to Biggest Week in 11 Years

by

on

Gold up almost 7%

This ‘world-class disruptor’ is the next Netflix…

by

on

This ‘world-class disruptor’ is this the next Netflix?

Tesla Tops $1,000. It Could Join S&P 500

by

on

Tesla Stock Could Join the S&P 500 Soon

What happens after the S&P 500’s best quarters…

by

on

What happens after the S&P 500’s best quarters…

Nasdaq isn’t just beating the Dow and S&P 500

by

on

The Nasdaq isn’t just beating the Dow and S&P 500

Why stocks don’t seem worried COVID cases

by

on

Why stocks don’t seem worried about COVID…

Apple price target raised to $400 at Deutsche Bank

by

on

Apple price target raised to $400 at Deutsche Bank

United Airlines Sees March Revenue Down…

by

on

Overwhelmingly, caution remains…

Apple $2 trillion? rethinking your investment…

by

on

This chart might have you rethinking investment

Bitcoin Jumps Above $10,000 for the First Time…

by

on

Bitcoin Jumps Above $10,000 for the…

PepsiCo will take aim at Kraft Mac & Cheese…

by

on

Why stocks don’t seem worried…

Invest In Whole Earth Brands Growth?

by

on

Is Whole Earth Brands A Good Position To Invest…

Southwest Airlines stock rallies after Goldman Sachs…

by

on

Southwest Airlines stock rallies…

Nissan secures $7.8 billion from creditors since April: filing

by

on

Nissan secures $7.8 billion from creditors…

Wirecard administrator sees strong interest…

by

on

Wirecard administrator sees interest from buyers

Exxon Mobil, American Express share gains…

by

on

Exxon Mobil, American Express share…

Climate crisis and Covid-19 conspire…

by

on

Climate crisis and Covid-19 conspire…

Why stocks don’t seem worried about the surge in COVID cases

by

on

Why stocks don’t seem worried about COVID…

JP Morgan, $190 Dollar Oil Barrels Possible…

by

on

Could Oil hit $190 /barrel? …

Adobe Beats Q1 Targets, But Expects…

by

on

Adobe Beats Q1 Targets, But Expects…

Nasdaq trades in record territory…

by

on

Nasdaq in record territory, techs rise, S&P 500 flips positive…

Square Gives Upbeat Earnings Feb 2020

by

on

Square Inc. Upbeat Earnings

Gold Pierces $1,900 First Time Since 2011, Eyes Record High

by

on

Gold Pierces $1,900 First Time Since 2011…

Flybe collapses! Even after government backing

by

on

Flybe collapses!

Uber says it will compensate drivers…

by

on

Uber says it will compensate drivers…

Boeing Stock Jumps After Analyst Says..

by

on

Shares of Boeing Co. BA, -3.47% rallied nearly 12%…

Oil prices rise as easing of lockdowns…

by

on

Oil prices rise as easing of lockdowns spurs

Oil Stockpiles Spike 5.65 Million Barrels: EIA

by

on

Oil Stockpiles Spike 5.65 Million Barrels

Under-the-radar trend suggests market’s hot streak…

by

on

Market’s hot streak is just beginning…

Twitter shares stumble after high-profile, unprecedented hack

by

on

Twitter shares stumble after unprecedented hack

High Volatility Is Here To Stay In 2020

by

on

High Volatility Is Here To Stay In 2020…

Gold storms past $1,800 towards new record high

by

on

Gold storms past $1,800 towards new record high

Amazon Blew Wall Street’s Expectations Out of…

by

on

Amazon Earnings

Hertz’s Stock Doubles To Erase All Post-Bankrupty Losses

by

on

Shares of Hertz Global Holdings Inc…

Roku Stock is Even More Attractive

by

on

Roku Still a Strong Buy

Crude Oil Prices Fall on Fears of Fresh Lockdowns

by

on

Crude Oil Prices Fall on Fears of Fresh Lockdowns