Finance

Dow up 200, big winning week, blowout jobs number

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A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City.

Noam Galai | Getty Images

Stocks moved higher on the final trading day of the holiday-shortened week, fueled by better-than-expected jobs data. The Nasdaq Composite hit a new all-time intraday high, although all the major averages retreated from their highs mid-morning after Florida reported the largest single-day increase in Covid-19 cases since the pandemic began. 

This is a live blog. Here’s what’s happening:

12:25 pm: Midday movers

Several tech companies and a new IPO have made headlines in early trading.

Tesla – Shares of the electric vehicle maker…



Source cnbc.com

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