June 6, 2020
Stock market news
“Dow Jones Industrial Average rallies 829 points
The Dow rallied 829.16 points, or 3.15%, to close at 27,110.68. The S&P 500 jumped 2.62% to 3,193.93. The Nasdaq Composite surged 2.06% to hit a record high and close at 9,814.08. A record surge in U.S. jobs sent stocks flying as traders cheered the prospects of the economy reopening.
A record 2.5 million jobs added
U.S. employers added a shocking 2.5 million jobs last month — the largest gain on record — while the unemployment rate slid to 13.3%, the Labor Department said Friday. Economists polled by Dow Jones expected a drop of more than 8 million jobs and the unemployment rate to nearly reach 20%, which would have been the highest since the 1930s. “
Occidental Petroleum Corporation (OXY) stock was among stock movers with a stock price at the close of 20.79+5.24 (+33.70%).
Stocks that were top gainers, top losers and most active:
Chesapeake Energy Corp. (CHK): 24.80,+ 10.75 +76.51%
Nabors Industries Ltd. (NBR): 65.62,+ 22.19 +51.09%
MMTec Inc. (MTC) : 4.49,+ 1.45 +47.70%
Cinedigm Corp. Cl A (CIDM): 2.74,-0.89 -24.52%
Liquidia Technologies Inc. (LQDA): 7.56,-1.90 -20.08%
Provention Bio Inc. (PRVB): 12.19, -2.60 -17.5%
Most active stocks
American Airlines Group Inc. (AAL): 18.59,+ 1.87 +11.18%
Luckin Coffee Inc. ADR (LK): 5.51,+ 1.46 +36.05%
Ford Motor Co. (F): 7.34,+ 0.77 +11.72%
Stock market source: https://www.wsj.com/market-data/stocks
Stock Market, U.S. Sectors & Industries Performance
Energy was the best performing sector +7.46%, Utilities were the worst-performing sector +1.36%.