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Stocks Tumble as Delta Variant Sends Investors to Bonds
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Provided by Dow Jones
By Caitlin Ostroff and Alexander Osipovich U.S. stocks surged Monday as a strong jobs report and new data showing a rebound in the services sector provided fresh evidence that the economy is recovering from the Covid-19 pandemic. The Dow Jones Industrial Average gained 402 points, or 1.2%, while the broad-based S&P 500 climbed 1.4%. Both indexes are on track to close at fresh records. The technology-heavy Nasdaq Composite advanced 1.3%. With the U.S. stock market closed Friday, it was the market s first reaction to the latest jobs report, which showed that U.S. hiring surged in March as the economic recovery accelerated. Employers added a seasonally adjusted 916,000 jobs in March, the best gain since August. The fast pace of hiring has bolstered hopes for a stronger economic rebound, and it could continue driving investors to stocks hardest hit by the pandemic.
Provided by Dow Jones
By Caitlin Ostroff and Alexander Osipovich The Dow Jones Industrial Average and S&P 500 surged to record highs on Monday as a strong jobs report and data showing a rebound in the services sector cheered investors hoping for a robust economic recovery. The Dow Jones Industrial Average gained more than 370 points, or 1.1%, while the S&P 500 climbed 1.4%. The technology-heavy Nasdaq Composite advanced 1.7%. With the U.S. stock market closed Friday, it was the market s first reaction to the latest jobs report, which showed that U.S. hiring surged in March as the economic recovery accelerated. Employers added a seasonally adjusted 916,000 jobs last month, the best gain since August. The fast pace of hiring has bolstered hopes for a strong economic rebound, and it could continue driving investors to stocks hardest hit by the pandemic.
Provided by Dow Jones
By Caitlin Ostroff and Alexander Osipovich The Dow Jones Industrial Average and S&P 500 surged to records on Monday as a strong jobs report and data showing a rebound in the services sector cheered investors hoping for a robust economic recovery. The Dow gained 373.98 points, or 1.1%, to close at 33527.19. The broad S&P 500 climbed 58.04 points, or 1.4%, to 4077.91. The technology-heavy Nasdaq Composite advanced 225.49 points, or 1.7%, to 13705.59. With the U.S. stock market closed Friday, it was the market s first reaction to the latest jobs report, which showed that U.S. hiring jumped in March. Employers added a seasonally adjusted 916,000 jobs last month, the best gain since August. The fast pace of hiring has bolstered hopes for a strong economic rebound, and it could continue driving investors to stocks hardest hit by the Covid-19 pandemic.
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