Finance

Record jobs report sends stocks higher

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Dow Jones Industrial Average jumps 92 points

Record jobs report

Wall Street started the session with sharp gains after the government reported that a record 4.8 million jobs were created in June. Economists were expecting 2.9 million jobs were created. The unemployment rate fell to 11.1% from 13.3% in May. Economists were expecting a rate of 12.4%, according to Dow Jones. “What we’ve seen in May and June is a blueprint for a fast recovery, but only once the virus situation is under control,” said one economist

Boeing gains, cruises fall

Boeing shares rose 0.27% after the company said it completed FAA recertification flights for its 737 Max jet. Cruise operators fell, however, after a…



Source cnbc.com

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