Here's What Happened to the Stock Market on Thursday.
July 2 kicked off the second day of quarter 3 for the market and brought gains for all 3 major indexes, according to CNBC.
- The Dow Jones Industrial Average gained 92.39 points, or 0.36 percent, to close at 25,827.36.
- The S&P 500 gained 0.45 percent to close at 3,130.01.
- The Nasdaq Composite gained 0.52 percent to close at 10,207.63.
The markets opened higher after the jobs report revealed that a record 4.8 million jobs were created in June. Economists predicted 2.9 million jobs were created. The unemployment rate fell to 11.1 percent from 13.3 percent in May. Economists expected unemployment to fall to 12.4 percent. Investors were surprised and pleased with a spike in US job creation. “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 shares gained 0.27 percent after the company announced it had completed the FAA recertification flights for the 737 MAX.
US markets are closed for the fourth of July holiday.
The ISM non-manufacturing index will be released Monday morning.