Wall Street rallied on Friday after a better-than-expected jobs report revealed that the United States added 2.5 million jobs in May–the largest such increase on record. The S&P 500 and Dow Jones Industrial Index ended the day up roughly 3% each, and global markets also pushed higher, as bullish investors celebrated the continuing reopening of retail and businesses around the world. It was…
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The market fell sharply for most of Friday as investors braced for President Trump’s announcement regarding China, but despite new sanctions and penalties, stocks turned positive after the phase one trade deal was kept intact. KEY FACTS - The Dow Jones Industrial Average was flat on Friday, while the S&P 500 was up 0.5% and the tech-heavy Nasdaq gained 1.3%. - Stocks moved lower for much…
China’s powerhouse economy was the first to feel the squeeze as the coronavirus pandemic took hold earlier this year, and the damage is likely to last for years to come. As top Chinese lawmakers gathered at the National People’s Congress this week, China dropped its annual growth target from its economic forecasts for the first time since the country began publishing GDP goals…
