In a concrete sign that the worst of the damage from the coronavirus pandemic may be over for the airline industry, Delta Air Lines, Southwest Airlines and JetBlue Airways said leisure bookings were rising.
Wall Street surges on jobs data, global equity markets regain ground
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Last Updated: Mar 07, 2021, 05:39 PM IST
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The session was marked by frantic trading across the globe. Asian markets dropped overnight. MSCI s all-country index was on its longest losing streak in six months before clawing back.
Reuters
Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January. Economists polled by Reuters had forecast a rise of 182,000 jobs.
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NEW YORK: Wall Street and a gauge of global equity markets rose on Friday as investors cheered signs of economic strength in a report that showed faster-than-expected U.S. jobs growth, data that initially stoked inflation concerns.
The Nasdaq nearly wiped out all of its year-to-date gains and was down about 8% from its record closing high on Feb. 12. A 10% decline would confirm a correction territory.