The US stock market today closed higher, although gains were trimmed at the close. Tomorrow the US stock market will be closed for the celebration of the 4th of July on Saturday.
Stock market news today
“Stock rose on Thursday and gained for the week, as investors cheered the resiliency of a U.S. economy that created nearly 5 million jobs last month in the throes of the raging coronavirus pandemic.
The U.S. economy added a greater than expected number of payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen. The net additions in payrolls topped consensus expectations, and far exceeded ADP’s private payrolls data on Wednesday, which logged a gain of over 2.3 million jobs.
Although new unemployment insurance claims were higher than expectations, investors shrugged off the report in favor of the boom of workers returning to the labor force. The S&P 500 rose about 0.5% on Thursday to cap off an advance of 4% since market close last Friday. The Dow rose 4.6%, while the Nasdaq rose 3.25% on the week.”
The US stock market today at the close
S&P 500: 3,130.01, +14.15(+0.45%)
Dow 30: 25,827.36, +92.39(+0.36%)
Russell 2000: 1,431.86, +4.55(+0.32%)
Stock market data: Yahoo Finance
At 4:20 PM, ET time both oil price and dolf price were lower.
Crude Oil: 40.23, +0.41(+1.03%)
The 10-yr bond yield at 4:21 PM, ET time today was at 0.6690,-0.0130(-1.91%).
Shares of Lemonade, Inc. (LMND) made their trading debut today and closed at
69.41+40.41 (+139.34%). Other trending stocks today were Genius Brands International, Inc. (GNUS) closing at 3.5500+1.2400 (+53.68%), Nikola Corporation (NKLA) stock closing at 57.19-8.71 (-13.22%), NIO Inc. (NIO) with a stock price at the close of 9.38+1.47 (+18.58%) and Electrameccanica Vehicles Corp. (SOLO) closing at 3.1300+0.8000 (+34.33%).
Stock market today reacted positively to the strong jobs report but some profit-taking took place after the recent gains for stocks and major stock indices.