Business

Wall Street rallies after jobs data

New York, Jun 6 (IANS) | Publish Date: 6/6/2020 1:25:51 PM IST

Wall Street’s major averages ended sharply higher, buoyed by better-than-anticipated US employment data.

The Dow Jones Industrial Average on Friday soared 829.16 points, or 3.15 per cent, to 27,110.98. The S&P 500 increased 81.58 points, or 2.62 per cent, to 3,193.93. The Nasdaq Composite Index rose 198.27 points, or 2.06 per cent, to 9,814.08, Xinhua reported.
All the 11 primary S&P 500 sectors finished higher, with energy up 7.46 per cent, leading the gains.
US employers added 2.5 million jobs in May, and the unemployment rate dropped slightly to 13.3 per cent, the US Bureau of Labor Statistics reported on Friday.

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