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06 Jun: Stock market news for June 5, 2020

Stock market news A rally for the US stock market, stocks rose on good news about the jobs report. The latest stock market news for June 5, 2020: “Dow Jones Industrial Average rallies 829 pointsThe 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 addedU.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. “…