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No April Fools Joke! NYT s Front Page Serves as Pro-Biden Propaganda Palooza
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Live Updates: Democrats Haggle Over Unemployment Payments, Bringing Stimulus Debate to a Standstill
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Stocks Rally as Jobs Report Signals Recovery
Last Updated
Here’s what you need to know: By: Ella Koeze·Data delayed at least 15 minutes·Source: FactSet
Wall Street snapped its losing streak on Friday after a surprisingly good reading on the American job market refocused investor attention to the brightening outlook for economic growth.
The S&P 500 gained 2 percent, more than reversing Thursday’s 1.3 percent tumble and leading the benchmark to a slight weekly gain after two consecutive weeks in the red.
The rise came after new data showed that the pace of hiring picked up in the United States in February, when the economy created 379,000 new jobs, well above forecasts of roughly 200,000. Parts of the economy that were hard-hit by the Covid crisis such as leisure and hospitality bounced back during the month.
Stocks Rally as Jobs Report Signals Recovery
Last Updated
Here’s what you need to know: By: Ella Koeze·Data delayed at least 15 minutes·Source: FactSet
Wall Street snapped its losing streak on Friday after a surprisingly good reading on the American job market refocused investor attention to the brightening outlook for economic growth.
The S&P 500 gained 2 percent, more than reversing Thursday’s 1.3 percent tumble and leading the benchmark to a slight weekly gain after two consecutive weeks in the red.
The rise came after new data showed that the pace of hiring picked up in the United States in February, when the economy created 379,000 new jobs, well above forecasts of roughly 200,000. Parts of the economy that were hard-hit by the Covid crisis such as leisure and hospitality bounced back during the month.
Jobless Claims Fall as Labor Market Continues Slow Recovery: Live Updates
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