Markets Live Recap: Stocks Surge After U.S. Adds a Record 2.5 Million Jobs in May

Stocks surged to close the week after a historic increased in U.S. jobs further fueled investors' confidence that the reopening of the economy will be successful following the COVID-19 lockdowns. The 2.5 million jobs added in May was the largest one-month increase on record. Investors were expecting an 8 million job loss. The U.S. unemployment rate slid to 13.3% when it was expected to reach nearly 20%. And stocks rallied big time. The Dow was up 3.15%, the S&P 500 closed 2.62% higher, and the Nasdaq rose 2.06% to a new all-time high. The post Markets Live Recap: Stocks Surge After U.S. Adds a Record 2.5 Million Jobs in May appeared first on Money Morning - We Make Investing Profitable . Here's what our experts - Chris Johnson and Shah Gilani - saw on this historic day... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.